Civic Intelligence

Maac Foundation Inc.

990 • Fiscal year 2020 • EIN 38-4008491

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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4203 Montdale Park DriveValparaiso, IN 46383

(219) 510-9110

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.26x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.99x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

86th percentile

39%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

37th percentile

1.6%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

85%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,829,918

Up $74,122 (+1.6%) from 2019

Net Assets

Up

$3,550,877

Up $24,095 (+0.7%) from 2019

Liabilities

Up

$1,279,041

Up $50,027 (+4.1%) from 2019

Revenue

Up

$1,293,712

Up $593,419 (+85%) from 2019

Expenses

Up

$788,557

Up $208,356 (+36%) from 2019

Net Income

Up

$505,155

Up $385,063 (+321%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2016: $812,443Liabilities 2016: $12,443Net Assets 2016: $800,0002016Assets 2017: $2,941,550Liabilities 2017: $0Net Assets 2017: $2,941,5502017Assets 2018: $2,911,359Liabilities 2018: $64Net Assets 2018: $2,911,2952018Assets 2019: $4,755,796Liabilities 2019: $1,229,014Net Assets 2019: $3,526,7822019Assets 2020: $4,829,918Liabilities 2020: $1,279,041Net Assets 2020: $3,550,8772020Assets 2021: $10,303,969Liabilities 2021: $1,004,994Net Assets 2021: $9,298,9752021Assets 2022: $12,441,057Liabilities 2022: $1,000,000Net Assets 2022: $11,441,0572022Assets 2023: $17,928,595Liabilities 2023: $8,773Net Assets 2023: $17,919,8222023Assets 2024: $23,459,540Liabilities 2024: $818,325Net Assets 2024: $22,641,2152024

Highlighted filing

2020

Assets$4,829,918
Liabilities$1,279,041
Net Assets$3,550,877

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $800,000Expenses 2016: $0Net Income 2016: $800,0002016Revenue 2017: $2,487,836Expenses 2017: $346,286Net Income 2017: $2,141,5502017Revenue 2018: $555,815Expenses 2018: $586,071Net Income 2018: -$30,2562018Revenue 2019: $700,293Expenses 2019: $580,201Net Income 2019: $120,0922019Revenue 2020: $1,293,712Expenses 2020: $788,557Net Income 2020: $505,1552020Revenue 2021: $7,226,707Expenses 2021: $1,479,842Net Income 2021: $5,746,8652021Revenue 2022: $3,423,715Expenses 2022: $1,261,619Net Income 2022: $2,162,0962022Revenue 2023: $7,483,013Expenses 2023: $1,489,823Net Income 2023: $5,993,1902023Revenue 2024: $6,092,949Expenses 2024: $1,788,495Net Income 2024: $4,304,4542024

Highlighted filing

2020

Revenue$1,293,712
Expenses$788,557
Net Income$505,155
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$1,293,712
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,082,193$4,501,940▲ $419,747
Cash and Non-Interest-Bearing Accounts$104,729$239,334▲ $134,605
Investments in Publicly Traded Securities$69,171$77,701▲ $8,530
Accounts Receivable$10,943$10,943→ $0
Total Assets$4,755,796$4,829,918▲ $74,122
Other Assets Total$488,760--
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,200,000$1,250,000▲ $50,000
Unsecured Notes Loans Payable$23,969$23,969→ $0
Accounts Payable and Accrued Expenses$5,045$5,072▲ $27
Total Liabilities$1,229,014$1,279,041▲ $50,027
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,038,022$3,550,877▲ $512,855
Net Assets With Donor Restrictions$488,760--
Total Net Assets Fund Balance$3,526,782$3,550,877▲ $24,095
Total Liabilities and Net Assets / Fund Balance$4,755,796$4,829,918▲ $74,122

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,791,256$197,015$2,988,271
Equipment$923,250$429,932$1,353,182
Leasehold Improvements$528,835$85,927$614,762
Other Land Buildings$195,899$112,350$308,249
Land$62,700-$62,700
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stewart McmillanChairman
Bill MaarDirector
Brian PodsiadlikDirector
Gary MillerDirector
Michael BairdDirector
Michael ParksDirector
Robert MorganDirector
Celina WeatherwaxTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$1,292,456
Program Service Revenue
$0
Investment Income
$1,256
Other Revenue
$0
All Other Contributions
$1,067,914
Change in Net Assets
$505,155

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table17$232,284
Total Noncash Contributions17$232,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$732,437
Salaries, Compensation, and Employee Benefits$56,120
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$328,349--$328,349
Occupancy$105,360--$105,360
Other Salaries and Wages$52,118--$52,118
Advertising-$45,022-$45,022
Office Expenses$17,710$17,710-$35,420
Interest-$31,944-$31,944
Other Expenses$24,391--$24,391
Fees for Services Lobbying-$22,051-$22,051
Insurance$12,474$3,119-$15,593
Fees for Services Accounting-$7,475-$7,475
Payroll Taxes$4,002--$4,002
Travel$1,596--$1,596
Fees for Services Other-$862-$862
Fees for Service Investment Mgmnt Fees-$420-$420
Total Functional Expenses$659,954$128,603$0$788,557
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Stewart mcmillan ward barnett business relationship stewart mcmillan jim cunningham business relationship stewart mcmillan celina weatherwax business relationship

Form 990, Page 6, Part VI, Line 11B

A draft copy of this form 990 was provided to all members of the governing body for approval before form 990 was filed.

Form 990, Page 6, Part VI, Line 12C

Any director, officer, or member of a committee possessing powers delegated by the board, who has a direct or indirect financial interest, as defined below, is an "interested person." in connection with any actual or possible conflict of interest, an interested person must disclose the existence of such interest and present all the material facts related thereto to the board of directors to determine and rule as to when a conflict arises. The procedure in addressing a conflict of interest is as follows: after the disclosure of a possible conflict of interest, the presentation of the material facts related thereto and any discussion occuring in connection therewith, the non-interested party remaining members of the board shall meet to determine and rule if a conflict of interest exists. A: the chairperson of the board may appoint a disinterested person or committee to investigate alternatives to the proposed transaction or contractual arrangement. B: after excercising due diligence, the board or appointed committee shall determine whether the organization can obtain, with reasonable effort, a more advantageous transaction or contract form an individual or entity which would not give rise to a conflict of interest. C: if a more advantageous transaciton or contractual arrangement is not reasonably possible under circumstances which do not produce a conflict of interest, the board or appointed committee shall determine by a majority vote of the non-interested members, whether the transaciton or contractual arrangement is in the organization's best interest, for its benefit, and whether it is fair and reasonable. In conformity with the above determination, the non-interested persons and members shall make their decision as to whether the transaction or contractual arrangement should be entered into. Non-disclosure of a conflict of interest a: if the board of directors has reasonable cause to believe an interested person has failed to disclose an actual or possible conflict of interest, they shall inform the interested person of the basis for said belief and afford the interested person an opportunity to explain the alleged failure to disclose. B: if, after conducting a further investigation as warranted by the circumstances of the non-disclosure, the board determines the interested person has failed to discolse an actual or possible conflict of interest, they shall take the appropriate disciplinary and corrective action.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy, and financial statements are available for inspection at the corporate office upon request.

Filing and Contact Details

Filer

Filer Name
Maac Foundation Inc
EIN
38-4008491
Phone
2195109110
Address
4203 MONTDALE PARK DRIVE, VALPARAISO, IN 46383

Signing Officer

Name
Celina Weatherwax
Title
Treasurer/secretary
Phone
2195109110
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Celina Weatherwax
Formed
2016
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
24
Volunteers
100

Preparer

Firm
Clh LLC
Address
123 E 8TH ST, MICHIGAN CITY, IN 46360-3519
Preparer
Angela Grothaus
Phone
2198740210
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0PAID CONSULTANTS REPRESENTING THE ORGANIZATION ENGAGED IN DIRECT CONTACT WITH MEMBERS OF THE INDIANA GENERAL ASSEMBLY REGARDING FUNDING TO SUPPORT PUBLIC SAFETY TRAINING AND PUBLIC SAFETY TRAINING FACILITIES. THESE ACTIVITIES DID NOT COMPRISE A SUBSTANTIAL PART OF THE ORGANIZATION'S ACTIVITIES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART IV
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MAAC'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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STEWART MCMILLAN WARD BARNETT BUSINESS RELATIONSHIP STEWART MCMILLAN JIM CUNNINGHAM BUSINESS RELATIONSHIP STEWART MCMILLAN CELINA WEATHERWAX BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT COPY OF THIS FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY FOR APPROVAL BEFORE FORM 990 WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE POSSESSING POWERS DELEGATED BY THE BOARD, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED BELOW, IS AN "INTERESTED PERSON." IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF SUCH INTEREST AND PRESENT ALL THE MATERIAL FACTS RELATED THERETO TO THE BOARD OF DIRECTORS TO DETERMINE AND RULE AS TO WHEN A CONFLICT ARISES. THE PROCEDURE IN ADDRESSING A CONFLICT OF INTEREST IS AS FOLLOWS: AFTER THE DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST, THE PRESENTATION OF THE MATERIAL FACTS RELATED THERETO AND ANY DISCUSSION OCCURING IN CONNECTION THEREWITH, THE NON-INTERESTED PARTY REMAINING MEMBERS OF THE BOARD SHALL MEET TO DETERMINE AND RULE IF A CONFLICT OF INTEREST EXISTS. A: THE CHAIRPERSON OF THE BOARD MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR CONTRACTUAL ARRANGEMENT. B: AFTER EXCERCISING DUE DILIGENCE, THE BOARD OR APPOINTED COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN, WITH REASONABLE EFFORT, A MORE ADVANTAGEOUS TRANSACTION OR CONTRACT FORM AN INDIVIDUAL OR ENTITY WHICH WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. C: IF A MORE ADVANTAGEOUS TRANSACITON OR CONTRACTUAL ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES WHICH DO NOT PRODUCE A CONFLICT OF INTEREST, THE BOARD OR APPOINTED COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE NON-INTERESTED MEMBERS, WHETHER THE TRANSACITON OR CONTRACTUAL ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, THE NON-INTERESTED PERSONS AND MEMBERS SHALL MAKE THEIR DECISION AS TO WHETHER THE TRANSACTION OR CONTRACTUAL ARRANGEMENT SHOULD BE ENTERED INTO. NON-DISCLOSURE OF A CONFLICT OF INTEREST A: IF THE BOARD OF DIRECTORS HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THEY SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SAID BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B: IF, AFTER CONDUCTING A FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES OF THE NON-DISCLOSURE, THE BOARD DETERMINES THE INTERESTED PERSON HAS FAILED TO DISCOLSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THEY SHALL TAKE THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE CORPORATE OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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