An Update from the Met Cares Foundation
Information About Met Cares Foundation’s Tax Reporting and 501(c)(3) Status. Click here to read our reinstatement letter.
Met Cares Foundation is awaiting IRS review to reinstate its 501(c)(3) status as a tax-exempt charitable organization, which lapsed.
The Foundation’s external counsel identified that an error – two transposed digits in the Foundation’s Employee Identification Number – is the likely reason that the IRS failed to recognize the 2019 and 2020 income-tax returns as filed.
The utmost priority of the Met Cares Foundation is to ensure the incredible work and learning happening for our scholars at Greenwood Leadership Academy continues uninterrupted. As such, the organization is working swiftly to support the smooth transition of all operations for the 2022-23 school year at Greenwood Leadership Academy to our co-founding partner, Tulsa Public Schools.
The Foundation is actively working with outside counsel, which has filed the required forms to the IRS to support reinstatement. Funders may continue to contribute qualified charitable donations to the Met Cares Foundation Fund at the Tulsa Community Foundation.
Below are the links to Met Cares Foundation’s federal Form 990 tax returns for 2019, 2020 and 2021. These forms were submitted to the IRS by outside counsel under the IRS guidelines for retroactive reinstatement on behalf of the Met Cares Foundation on July 12, 2022. As of the date posted to this Met Cares Foundation website, a search on the IRS website does not locate these documents. As noted on the IRS website: “Expect delays in data updates for Tax Exempt Organization Search tool. We are still processing paper-filed 990 series received 2021 and later.”
2021 Form 990 [PDF linked here]
2020 Form 990 [PDF linked here]
2019 Form 990 [PDF linked here]
In addition, the Met Cares Foundation submitted its Form 1023 to the IRS on July 14, 2022 to initiate reinstatement of its 501(c)(3) tax-exempt status. The IRS provides no specific guidance on the timing of its review and action on Form 1023 filings.
Form 1023 [PDF linked here]
For additional information about Met Cares Foundation’s action to reinstate its tax-exempt status, see this news release [linked here] from Tuesday July 26, 2022.
The IRS has reinstated Met Cares' 501(c)(3) status as of August 4, 2022. Click here to read the reinstatement letter.