NonprofitsMac Foundation

Mac Foundation

OMAHA, NE

Total revenue

$138K

Total expenses

$78K

Net assets

$69K

Grants received

$111K

3 grants

EIN

874291295

Tax year

2024

Mission

To connect, empower, and elevate underrepresented entrepreneurs.

Programs

2 programs

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).

Expenses: $31KGrants: $13K

The mission of the mac foundation's suit up program is to empower young men and women to achieve economic independence by providing a network of support, professional attire, headshot, and job readiness workforce preparation. This program is designed to create opportunities for teens and young adults in at-risk populations in black and brown, immigrant, and refugee communities so as to inspire and feed the pipeline of future minority entrepreneurs. We aim to reframe their vision of a future away from gang activity, violence, crimes, and drugs. This program is a pathway to helping young people envision how they can achieve a positive and prosperous life, by investing in themselves and their business ideas.

Expenses: $8K

Financials

FY 2024

Revenue

Contributions & grants$68K
Program service revenue$19K
Investment income
Other revenue$51K
Total revenue$138K

Expenses

Grants paid$13K
Salaries & benefits
Fundraising$8K
Other expenses$65K
Total expenses$78K
Total assets$69K
Net assets$69K

People

6 listed

NameRoleCompensation

KARINE SOKPOH

BOARD PRESIDENT

Board

10 hrs/wk

JORDAN YOUNG

SECRETARY

Board

10 hrs/wk

DR ALBERT KATE

TREASURER

Board

10 hrs/wk

DR MATTHEW OMOJOLA

BOARD MEMBER

Board

1 hrs/wk

TIERRA NESBITT

VP MARKETING

Board

5 hrs/wk

OBIOZOR OKOLO

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$26K
GENERAL OPERATING SUPPORT
2024
$40K
2023 OPERATING GRANT
2023
$45K
2022 OPERATING GRANT
2022

Funded by

$111K from 2 funders · 3 grants · 2022–2024

The Sherwood Foundation

$85K · 2 grants · 2022–2023

The Lozier Foundation

$26K · 1 grant · 2024

Details

EIN874291295
Subsection03
Ruling date2022-02
Formed2021
Employees0
Volunteers10
MAC FOUNDATION — Mission, Financials & Grants Received | Grantivo