EIN 87-4291295

Mac Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
Z99: Unknown
Description
The Mac Foundation connects, empowers, and elevates underrepresented entrepreneurs through initiatives such as the Rising CEOs program. This program creates opportunities for teens in at-risk populations from black and brown, immigrant, and refugee communities to inspire and feed the pipeline of future minority entrepreneurs. Participants engage in a ten-week program designed to cultivate their entrepreneurial skills.
Related structure
Mac Foundation is a subordinate organization under Midlands African Chamber.
Total revenues
$64,404
2023
Total expenses
$50,428
2023
Total assets
$36,500
2023
Num. employees
0
2023

Program areas at Mac Foundation

The rising ceos program is designed to create opportunities for teens in at-risk populations in black and brown, immigrant and refugee communities to inspire and feed the pipeline of future minority entrepreneurs. In the ten-week program, participants will participate in workshops lead by local business leaders paired up with a k-12 teacher, create a business plan, and compete in a business pitch competition to win funding of $500 for their idea. The culmination of the program will be the annual rising ceos summit.
The Mac Foundation's umoja program is aimed at increasing unity, collaboration, and synergy between african american and african immigrant communities in the midwest. Our program recognizes the importance of building strong, diverse communities, and we believe that by bringing together african american and african immigrant communities, we can create a more unified and powerful voice for change.
Mac Foundation scholarships have been established to assist black, refugee, and immigrant high school seniors and college students studying accounting, finance, law, and stem (science, technology, engineering, and mathematics).

Who funds Mac Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Sherwood Foundation2023 Operating Grant$40,000

Personnel at Mac Foundation

NameTitleCompensation
Karine SokpohPresident$0
Randy DillonTreasurer$0
Judith MartinSecretary$0

Financials for Mac Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$38,947
Program services$17,500
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$7,957
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$64,404

Form 990s for Mac Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-09990View PDF
2022-122023-10-24990View PDF
Data update history
July 10, 2024
Received grants
Identified 1 new grant, including a grant for $40,000 from The Sherwood Foundation
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 29, 2023
Updated personnel
Identified 3 new personnel
November 26, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsChapter / child organizationsCharities
Issues
No issues found
Characteristics
Fundraising eventsState / local levelProvides scholarshipsGala fundraisersTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
7930 Blondo St Suite 100
Omaha, NE 68134
Metro area
Omaha-Council Bluffs, NE-IA
County
Douglas County, NE
Website URL
fundmac.org/ 
Phone
(402) 881-0343
IRS details
EIN
87-4291295
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Z99: Z99
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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