Form 990 for tax year 2025

Totals

Total revenue

$419,811

Total expenses

$532,328

Contributions and grants received

$415,641

Grants paid

$66,216

Program service revenue

$4,170

Investment income

$0

Other revenue

$0

Total assets, end of year

$109,843

Total liabilities, end of year

$16,701

Net assets or fund balances, end of year

$93,142

Program services expenses (Part IX)

$212,942

Management and general expenses

$228,337

Fundraising expenses

$91,049

Program service expenses (Part III)

$212,942

Program services were 40.0% 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.

Mission and programs · 2025

• PITCH BLACK IS A DYNAMIC CONFERENCE STRATEGICALLY CRAFTED TO FUEL ENTREPRENEURSHIP ACROSS DIVERSE COMMUNITIES IN THE MIDWEST. WE CREATE PATHWAYS BETWEEN EMERGING ENTREPRENEURS AND THE INVESTORS, MENTORS, AND RESOURCES THEY NEED TO SCALE. THE COMPETITION IS SPECIFICALLY TAILORED TO OFFER A PLATFORM FOR UNDERSERVED ENTREPRENEURS TO SHOWCASE THEIR INNOVATIVE IDEAS AND COMPETE FOR LIFE CHANGING RESOURCES. BY FACILITATING CONNECTIONS BETWEEN EMERGING ENTREPRENEURS AND POTENTIAL INVESTORS, MENTORS, AND ESSENTIAL RESOURCES, OUR CONFERENCE STRIVES TO INVIGORATE ECONOMIC GROWTH AND CHAMPION DIVERSITY IN THE LOCAL ECONOMY. PARTICIPANTS HAVE THE OPPORTUNITY TO COMPETE FOR A GRAND PRIZE OF UP TO $15,000, COMPLEMENTED BY INVALUABLE IN-KIND SUPPORT SURPASSING $40,000. THIS SUPPORT EXTENDS TO ESSENTIAL SERVICES SUCH AS MARKETING, LEGAL, AND ACCOUNTING, PROVIDING CRUCIAL ASSISTANCE FOR THEIR VENTURES.

  Expenses $145,127 · Grants $141,264 · Revenue $4,170

• THE MAC XCELERATOR (MAC-X) IS AN ENTERPRISE ACCELERATOR PROGRAM DESIGNED TO STRENGTHEN, ENERGIZE, AND SUPPORT STARTUPS AND SMALL BUSINESSES LED BY UNDERSERVED ENTREPRENEURS IN NEBRASKA AND THROUGHOUT THE MIDLANDS. MAC-X IDENTIFIES BLACK BUSINESS LEADERS WITH IMPACT-ORIENTED SOLUTIONS, ADDRESSING ESSENTIAL COMMUNITY NEEDS WHILE SPURRING SUSTAINABLE GROWTH. IN ORDER TO CATER TO A WIDE AUDIENCE, THE MAC-X PROGRAM WILL BE HELD BIANNUALLY, WITH ONE SESSION IN THE FALL AND ANOTHER IN THE SPRING. PARTICIPANTS IN THE PROGRAM WILL HAVE THE OPPORTUNITY TO RECEIVE FINANCIAL INCENTIVES AND MAY CHOOSE TO APPLY FOR THE PITCH BLACK COMPETITION.

  Expenses $61,815 · Grants $11,000

• THE EGA PITCH COMPETITION IS A FAST-PACED, HIGH-IMPACT OPPORTUNITY FOR EARLY-STAGE ENTREPRENEURS TO SHINE PRESENTED BY GOOGLE IN COLLABORATION WITH AFROMAHA DURING AFROFEST. THIS LIVE PITCH EVENT SPOTLIGHTS INNOVATIVE BUSINESSES, STUDENT-LED VENTURES, AND EMERGING FOUNDERS. ITS A CELEBRATION OF BRILLIANCE, INNOVATION, AND ECONOMIC EMPOWERMENT IN ACTION. FIVE SEMI-FINALISTS PITCH UNDER THE MAC TENT AT AFROFEST. TWO FINALISTS TAKE THE MAIN STAGE. WINNERS WALK AWAY WITH FUNDING, MENTORSHIP, AND A LAUNCHING PAD FOR THEIR BUSINESS. THE TOTAL CASH AND IN-KIND PRIZES AVAILABLE IS $4,100.

  Expenses $6,000 · Grants $6,600

• OPERATING AS A HIGH-LEVEL BIMONTHLY ONLINE PLATFORM, THE B2B AGORA IS DEDICATED TO FOSTERING INTERNATIONAL TRADE, INTERNATIONAL INVESTMENTS, AND STRUCTURED BUSINESS MATCHMAKING BETWEEN GLOBAL STAKEHOLDERS, ENTREPRENEURS, AND BILATERAL POLICYMAKERS. THE ANNUAL GLOBAL AGORA X BY MAC B2B MATCHMAKING CONFERENCE BUILDS MEANINGFUL CROSS-BORDER PIPELINES, FACILITATES RESOURCE EXCHANGE, AND DRIVES IMPORT/EXPORT OPPORTUNITIES SPECIFICALLY LINKING THE U.S. AND AFRICAN MARKETS.

• ROLL CALL IS MACS SIGNATURE BI-MONTHLY IN-PERSON NETWORKING MIXER, SERVING AS THE FRONTLINE ENTRY POINT FOR BUSINESS CONNECTION WITHIN THE MIDLANDS. DESIGNED TO STRENGTHEN LOCAL COMMERCIAL ECOSYSTEMS, EACH GATHERING INTRODUCES EMERGING STARTUPS, CELEBRATES CORPORATE MEMBER MILESTONES, AND CREATES AN INFORMAL YET STRATEGIC ENVIRONMENT FOR CONVERTING CASUAL CONVERSATIONS INTO LONG-TERM COMMERCIAL PARTNERSHIPS.

• CONTRACTORS CONNECT IS A QUARTERLY LUNCHEON INITIATIVE BY THE MAC CHAMBER, AIMED AT FOSTERING GROWTH AND PROVIDING VALUABLE RESOURCES TO UNDERSERVED AND EMERGING CONTRACTORS. THIS PROGRAM SERVES AS A DYNAMIC PLATFORM FOR SMALL AND EMERGING CONTRACTORS TO CONNECT WITH LARGER GENERAL CONTRACTORS, GAIN ACCESS TO VITAL INDUSTRY RESOURCES, AND EXPLORE POTENTIAL OPPORTUNITIES.

• MISSION AND MEALS IS A SPECIALIZED QUARTERLY LUNCH AND LEARN DEVELOPMENT TRACK ENGINEERED EXCLUSIVELY FOR NONPROFIT MAC MEMBERS. THE SERIES FOCUSES HEAVILY ON STRENGTHENING EXECUTIVE CAPACITY, ENHANCING BOARD GOVERNANCE STRUCTURES, OPTIMIZING OPERATIONAL MODELS, AND INTRODUCING COLLABORATIVE ADVOCACY STRATEGIESBLENDING PEER-TO-PEER CONNECTION WITH FORMAL TRAINING OVER A SHARED MEAL.

As filed on the 2025 return.

Listed in Part VII

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.

• MAC FOUNDATION INC

  501C3 · TO CONNECT, EMPOWER, AND ELEVATE UNDERREPRESENTED ENTREPRENE · NE

Provenance

Return type

form_990

Tax year

2025

Filed

12 May 2026

IRS schema version

2025v4.2

Source object

202612129349301421

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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