Totals
- Total revenue
- $139,212
- Total expenses
- $105,770
- Contributions and grants received
- $60,276
- Grants paid
- $20,000
- Program service revenue
- $12,450
- Investment income
- $0
- Other revenue
- $66,486
- Total assets, end of year
- $98,735
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $98,735
- Program services expenses (Part IX)
- $94,238
- Management and general expenses
- $7,645
- Fundraising expenses
- $3,887
- Program service expenses (Part III)
- $94,238
Program services were 89.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$2,750
-
1f · All other contributions, gifts and grants
$57,526
-
2a · Program service revenue: SPONSORSHIP
total $250 · related or exempt $250
-
2b · Program service revenue: RISING CEO'S
total $12,000 · related or exempt $12,000
-
2c · Program service revenue: SUIT UP
total $200 · related or exempt $200
-
8a · Fundraising events: gross income
$118,799
-
8b · Fundraising events: direct expenses
$52,313
-
8c · Net income from fundraising events
total $66,486 · unrelated business $66,486
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $20,000 · program services $20,000
-
11a · Fees: management
total $30,110 · program services $25,393 · management and general $4,717
-
11c · Fees: accounting
total $9,321 · program services $5,807 · management and general $1,757 · fundraising $1,757
-
11g · Fees: other
total $3,921 · program services $2,614 · fundraising $1,307
-
12 · Advertising and promotion
total $11,250 · program services $11,100 · management and general $75 · fundraising $75
-
13 · Office expenses
total $1,401 · program services $351 · management and general $699 · fundraising $351
-
24a · Other expenses: RISING CEOS
total $667 · program services $667
-
24b · Other expenses: PROCESSING FEES
total $1,192 · program services $398 · management and general $397 · fundraising $397
-
24c · Other expenses: SUIT UP
total $405 · program services $405
-
24e · All other expenses
total $27,503 · program services $27,503
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $69,549 · end of year $98,735
-
27 · Net assets without donor restrictions
beginning of year $69,549 · end of year $98,735
Mission and programs · 2025
Mission
TO CONNECT, EMPOWER, AND ELEVATE UNDERREPRESENTED ENTREPRENEURS.
-
THE GRATITUDE GALA IS OUR ANNUAL FUNDRAISING EVENT THAT SUPPORTS OUR PROGRAMS. EVERY SPONSORSHIP, DONATION, AUCTION CONTRIBUTION, AND TICKET PURCHASED HELPS THE MAC FOUNDATION CONTINUE CREATING ACCESS, OPPORTUNITY, AND SUPPORT FOR UNDERREPRESENTED ENTREPRENEURS, STUDENTS, AND EMERGING LEADERS. THE CONTRIBUTIONS RECEIVED HELP FUND TRANSFORMATIVE PROGRAMS SUCH AS SUIT UP, RISING CEOS, MAC SCHOLARSHIPS, MAC XCELERATOR, UMOJA FORUM, AND OTHER ESSENTIAL MAC FOUNDATION INITIATIVES THAT PROVIDE MENTORSHIP, EDUCATION, ACCESS TO RESOURCES, AND OPPORTUNITIES FOR GROWTH. TOGETHER, WE CELEBRATE EXCELLENCE, HONOR LEADERSHIP, AND OPEN DOORS FOR THE NEXT GENERATION OF CHANGEMAKERS
Expenses $52,315 · Revenue $118,799
-
THE RISING CEOS PROGRAM CULTIVATES THE NEXT GENERATION OF BUSINESS LEADERS THROUGH A TEN-WEEK ENTREPRENEURIAL DEVELOPMENT EXPERIENCE FOR HIGH SCHOOL AND COLLEGE STUDENTS. PARTICIPANTS ENGAGE IN WORKSHOPS ON FINANCIAL LITERACY, LEADERSHIP, INNOVATION, AND BUSINESS PLANNING, CULMINATING IN A PITCH COMPETITION WHERE THEY PRESENT THEIR VENTURES TO A PANEL OF LOCAL EXECUTIVES AND EDUCATORS. SUPPORTED BY PARTNERS SUCH AS GOOGLE, BANK OF AMERICA, JOHN A. AND DIANNE M. SCOTT FOUNDATION, METROPOLITAN COMMUNITY COLLEGE, AND LOZIER, THE PROGRAM AIMS TO BUILD CONFIDENCE, CRITICAL THINKING, AND COLLABORATION AMONG YOUNG LEADERS. THROUGH MENTORSHIP AND EXPERIENTIAL LEARNING, RISING CEOS EMPOWERS STUDENTS TO TRANSFORM IDEAS INTO ACTION AND CAREERS INTO LEGACIES.
Expenses $21,826 · Grants $500 · Revenue $12,000
-
THE SUIT UP PROGRAM EMPOWERS UNDERSERVED YOUTH AND YOUNG ADULTS BY PROVIDING PROFESSIONAL ATTIRE, MENTORSHIP, AND WORKFORCE READINESS TRAINING. THROUGH QUARTERLY SESSIONS, PARTICIPANTS RECEIVE NOT ONLY SUITS AND BUSINESS CLOTHING BUT ALSO CAREER COACHING, MOCK INTERVIEWS, AND ACCESS TO EMPLOYMENT OPPORTUNITIES. MAC PARTNERS WITH BOTH NONPROFIT ORGANIZATIONS AND CORPORATE SPONSORS TO DELIVER THIS PROGRAM, ENSURING THAT EACH PARTICIPANT LEAVES WITH THE CONFIDENCE AND TOOLS NEEDED TO ENTER THE WORKFORCE OR PURSUE HIGHER EDUCATION. THE INITIATIVE REINFORCES THE CHAMBERS BELIEF THAT ECONOMIC EMPOWERMENT BEGINS WITH DIGNITY, OPPORTUNITY, AND PREPARATION.
Expenses $13,497
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $6,600 · Grants $20,000 · Revenue $21,615
-
THE UMOJA FORUM FOSTERS UNITY AND COLLABORATION BETWEEN AFRICAN IMMIGRANTS AND AFRICAN AMERICANS THROUGH DIALOGUE, STORYTELLING, AND JOINT INITIATIVES. DERIVED FROM THE SWAHILI WORD FOR UNITY, UMOJA PROVIDES A SPACE FOR HONEST CONVERSATION AND SHARED LEARNING THAT BRIDGES CULTURAL DIVIDES AND STRENGTHENS COLLECTIVE INFLUENCE. THE PROGRAM FEATURES BOTH VIRTUAL AND IN-PERSON EVENTS THAT EXPLORE ISSUES SUCH AS RACIAL EQUITY, CULTURAL IDENTITY, AND ECONOMIC MOBILITY. THROUGH THESE FORUMS, MAC HELPS BUILD STRONGER ALLIANCES WITHIN THE BLACK DIASPORA COMMUNITY TO PROMOTE MUTUAL GROWTH AND EMPOWERMENT.
As filed on the 2025 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Karine E SokpohKARINE E SOKPOH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Darell BlackDARELL BLACK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Albert KateDR ALBERT KATE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Matthew OmojolaDR MATTHEW OMOJOLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tierra NesbittTIERRA NESBITT
VP MARKETING
- Total calculated
- $0
- Hours/week
- 1
-
Ralph AbaloRALPH ABALO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pierre BitaPIERRE BITA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ike IgbokweIKE IGBOKWE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C6 · NE
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 14 May 2026
- IRS schema version
- 2025v4.2
- Source object
- 202622199349301607
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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