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Met Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.78M (2023)

Expenses
$1.04M (2023)

Total Assets
$12.3M (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,777,024
Expenses
$1,043,129
Net Income
$733,895
Net Assets
$12,298,569
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $292,502
16.5%
Sales of Assets $1,484,281
83.5%
Other Income $241
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $967,820
92.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,298,569
Total Liabilities $0
Net Assets $12,298,569
Compensation
Key Employees and Officers Compensation Other
Susan M Tolbert (Director/President/Treasurer) $0 $0
Douglas S Mcvie (Director/Vice President) $0 $0
Alexander S Mcvie (Director/Secretary) $0 $0
Beth Johnson (Director) $0 $0
Geoff Mcvie (Director) $0 $0
Greg Mcvie (Director) $0 $0
Alex Tolbert (Director) $0 $0
Brian Tolbert (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$442,437
Expenses
$1,084,334
Net Income
-$641,897
Net Assets
$11,516,892
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $290,484
65.7%
Sales of Assets $151,094
34.2%
Other Income $859
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $979,337
90.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,516,892
Total Liabilities $0
Net Assets $11,516,892
Compensation
Key Employees and Officers Compensation Other
Susan M Tolbert (Director/President/Treasurer) $0 $0
Douglas S Mcvie (Director/Vice President) $0 $0
Alexander S Mcvie (Director/Secretary) $0 $0
Beth Johnson (Director) $0 $0
Geoff Mcvie (Director) $0 $0
Greg Mcvie (Director) $0 $0
Alex Tolbert (Director) $0 $0
Brian Tolbert (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,053,993
Expenses
$893,470
Net Income
$1,160,523
Net Assets
$12,172,479
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $90
0.0%
Dividends $252,152
12.3%
Sales of Assets $1,800,776
87.7%
Other Income $975
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $773,262
86.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,172,479
Total Liabilities $0
Net Assets $12,172,479
Compensation
Key Employees and Officers Compensation Other
Susan M Tolbert (Director/President/Treasurer) $0 $0
Douglas S Mcvie (Director/Vice President) $0 $0
Alexander S Mcvie (Director/Secretary) $0 $0
Beth Johnson (Director) $0 $0
Geoff Mcvie (Director) $0 $0
Greg Mcvie (Director) $0 $0
Alex Tolbert (Director) $0 $0
Brian Tolbert (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,516,382
Expenses
$781,959
Net Income
$734,423
Net Assets
$11,015,740
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,474
0.1%
Dividends $249,101
16.4%
Sales of Assets $1,265,463
83.5%
Other Income $344
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $711,142
90.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,015,741
Total Liabilities $1
Net Assets $11,015,740
Compensation
Key Employees and Officers Compensation Other
Susan M Tolbert (Director/President/Treasurer) $0 $0
Douglas S Mcvie (Director/Vice President) $0 $0
Alexander S Mcvie (Director/Secretary) $0 $0
Beth Johnson (Director) $0 $0
Geoff Mcvie (Director) $0 $0
Greg Mcvie (Director) $0 $0
Alex Tolbert (Director) $0 $0
Brian Tolbert (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$599,752
Expenses
$767,756
Net Income
-$168,004
Net Assets
$10,277,309
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $15,757
2.6%
Dividends $270,540
45.1%
Sales of Assets $312,602
52.1%
Other Income $853
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $693,241
90.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,277,310
Total Liabilities $1
Net Assets $10,277,309
Compensation
Key Employees and Officers Compensation Other
Susan M Tolbert (Director/President/Treasurer) $0 $0
Douglas S Mcvie (Director/Vice President) $0 $0
Alexander S Mcvie (Director/Secretary) $0 $0
Beth Johnson (Director) $0 $0
Geoff Mcvie (Director) $0 $0
Greg Mcvie (Director) $0 $0
Alex Tolbert (Director) $0 $0
Brian Tolbert (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$644,450
Expenses
$690,922
Net Income
-$46,472
Net Assets
$10,144,775
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,722
0.7%
Dividends $247,720
38.4%
Sales of Assets $390,702
60.6%
Other Income $1,306
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $620,022
89.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,144,775
Total Liabilities $0
Net Assets $10,144,775

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,158,265
Expenses
$665,907
Net Income
$492,358
Net Assets
$10,192,918
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $979
0.1%
Dividends $265,705
22.9%
Sales of Assets $890,839
76.9%
Other Income $742
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $587,244
88.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,192,918
Total Liabilities $0
Net Assets $10,192,918

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$573,738
Expenses
$587,678
Net Income
-$13,940
Net Assets
$9,700,223
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,486
0.3%
Dividends $207,593
36.2%
Sales of Assets $358,430
62.5%
Other Income $6,229
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $540,374
92.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,700,223
Total Liabilities $0
Net Assets $9,700,223

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$491,406
Expenses
$590,691
Net Income
-$99,285
Net Assets
$9,723,819
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,108
0.8%
Dividends $219,000
44.6%
Sales of Assets $267,683
54.5%
Other Income $615
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $549,164
93.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,723,819
Total Liabilities $0
Net Assets $9,723,819

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$714,266
Expenses
$568,979
Net Income
$145,287
Net Assets
$9,844,883
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,827
0.4%
Dividends $245,279
34.3%
Sales of Assets $465,362
65.2%
Other Income $798
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $509,823
89.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,844,883
Total Liabilities $0
Net Assets $9,844,883

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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