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← MAAC FOUNDATION INC

Form 990 for tax year 2023

Filed by MAAC FOUNDATION INC.

Totals

Total revenue
$7,483,013
Total expenses
$1,489,823
Contributions and grants received
$7,131,793
Grants paid
$0
Program service revenue
$202,745
Investment income
$144,257
Other revenue
$4,218
Total assets, end of year
$17,928,595
Total liabilities, end of year
$8,773
Net assets or fund balances, end of year
$17,919,822
Program services expenses (Part IX)
$1,042,640
Management and general expenses
$442,823
Fundraising expenses
$4,360
Program service expenses (Part III)
$1,042,640

Program services were 70.0% 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.

  • 1c · Fundraising events

    $233,275

  • 1e · Government grants (contributions)

    $500,000

  • 1f · All other contributions, gifts and grants

    $6,398,518

  • 1g · Noncash contributions included above

    $809,844

  • 2a · Program service revenue: TRAINING PROGRAMS

    total $202,745 · related or exempt $202,745

  • 3 · Investment income

    total $116,527 · related or exempt $116,527

  • 7a · Gross sales of assets other than inventory

    securities $5,527,546

  • 7b · Less cost or other basis and sales expenses

    securities $5,499,816

  • 7c · Gain or loss

    securities $27,730

  • 7d · Net gain or loss

    total $27,730 · related or exempt $27,730

  • 8a · Fundraising events: gross income

    $62,139

  • 8a · Fundraising events: contributions included on line 1c

    $233,275

  • 8b · Fundraising events: direct expenses

    $57,921

  • 8c · Net income from fundraising events

    total $4,218 · excluded $4,218

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $71,400 · management and general $71,400

  • 7 · Other salaries and wages

    total $357,175 · program services $126,898 · management and general $230,277

  • 9 · Other employee benefits

    total $7,751 · management and general $7,751

  • 10 · Payroll taxes

    total $36,665 · program services $30,923 · management and general $5,742

  • 11c · Fees: accounting

    total $18,222 · management and general $18,222

  • 11d · Fees: lobbying

    total $43,857 · management and general $43,857

  • 11e · Fees: professional fundraising services

    total $4,360 · fundraising $4,360

  • 11f · Fees: investment management

    total $23,885 · management and general $23,885

  • 11g · Fees: other

    total $10,554 · management and general $10,554

  • 12 · Advertising and promotion

    total $19,180 · program services $18,878 · management and general $302

  • 13 · Office expenses

    total $57,042 · program services $28,521 · management and general $28,521

  • 16 · Occupancy

    total $142,997 · program services $142,997

  • 17 · Travel

    total $1,348 · program services $1,348

  • 22 · Depreciation, depletion and amortization

    total $482,178 · program services $482,178

  • 23 · Insurance

    total $11,560 · program services $9,248 · management and general $2,312

  • 24a · Other expenses: TRAINING OPERATIONS

    total $136,143 · program services $136,143

  • 24b · Other expenses: PC CAREER/TECH PROGRAM

    total $59,392 · program services $59,392

  • 24c · Other expenses: CPAT PROGRAM

    total $6,114 · program services $6,114

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $823,100 · end of year $5,155,541

  • 10a · Land, buildings and equipment: cost or other basis

    $9,210,155

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,154,883

  • 10c · Land, buildings and equipment, net

    beginning of year $6,660,151 · end of year $7,055,272

  • 11 · Investments: publicly traded securities

    beginning of year $4,957,806 · end of year $5,717,782

  • 23 · Secured mortgages and notes payable

    beginning of year $1,000,000

  • 25 · Other liabilities

    end of year $8,773

  • 27 · Net assets without donor restrictions

    beginning of year $6,424,271 · end of year $12,554,381

  • 28 · Net assets with donor restrictions

    beginning of year $5,016,786 · end of year $5,365,441

Mission and programs · 2023

Mission

MAAC'S MISSION IS TO DEVELOP AND MAINTAIN TRAINING OPPORTUNITIES FOR FIREFIGHTERS, POLICE OFFICERS, AND EMS. THIS WILL BE ACHIEVED THROUGH THE OFFERINGS OF COMBINED CLASSROOM AND PRACTICAL APPLICATION PROGRAMS THAT WILL PROVIDE ADVANCED LEVELS OF CRITICAL THINKING AND FUNCTIONING IN PREPAREDNESS AND RESPONSE. MOREOVER, MAAC FOUNDATION IS DEDICATED TO SUPPORTING AND MEETING THE NEEDS OF EXISTING INDIANA DISTRICT 1 TRAINING SITES, IN PARTNERSHIP WITH INDIANA DISTRICT 1 FIREFIGHTER TRAINING COUNCIL, TO EFFECTIVELY AND EFFICIENTLY PROVIDE FIRE SERVICE TRAINING TO ALL DISTRICT 1 FIREFIGHTERS, ENSURING THAT NATIONAL FIREFIGHTER STANDARDS ARE MET; QUALITY OF TRAINING AND EXPERIENCE OF FIRE INSTRUCTORS ARE SUFFICIENT; AND THAT THE CORE ELEMENTS AND FOUNDATION OF AN EFFECTIVE FIRE TRAINING SYSTEM IS ESTABLISHED AND MAINTAINED FOR FUTURE GENERATIONS OF FIREFIGHTERS.

  • THE FOUNDATION CONDUCTED CLASSROOM AND PRACTICAL TRAINING PROGRAMS TO FIREFIGHTERS, POLICE OFFICERS AND EMS.

    Expenses $1,042,640 · Revenue $202,745

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Celina Weatherwax

    PRESIDENT

    Total calculated
    $71,400
    From this org
    $71,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Michael Baird

    TREASURER

    Total calculated
    $0
    Hours/week
    10
  • George Douglas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • William Maar

    SECRETARY

    Total calculated
    $0
    Hours/week
    10
  • Stewart McMillan

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    20
  • Gary Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • Robert Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • Michael Parks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • Brian Podsiadlik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • Stephen Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.0
Source object
202413209349306026

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