Civic Intelligence

Mac Foundation Inc

990 • Fiscal year 2024 • EIN 87-4291295

Jan 01, 2024 to Dec 31, 2024 • Filed on May 20, 2025

Organization ProfileFUNDMAC.ORG
7930 Blondo Street Suite 100Omaha, NE 68134

(402) 881-0343

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

88th percentile

43%

Higher net margin than 88% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$60,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 43.5% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

91st percentile

90%

Faster asset growth than 91% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

114%

Faster revenue growth than 92% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$69,459

Up $32,959 (+90%) from 2023

Net Assets

Up

$69,459

Up $35,909 (+107%) from 2023

Liabilities

Down

$0

Down $2,950 (-100%) from 2023

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin88th percentile

Revenue

Up

$137,842

Up $73,438 (+114%) from 2023

Expenses

Up

$77,968

Up $27,540 (+55%) from 2023

Net Income

Up

$59,874

Up $45,898 (+328%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$80K$60K$40K$20K$0Assets 2022: $55,611Liabilities 2022: $14,512Net Assets 2022: $41,0992022Assets 2023: $36,500Liabilities 2023: $2,950Net Assets 2023: $33,5502023Assets 2024: $69,459Liabilities 2024: $0Net Assets 2024: $69,4592024

Highlighted filing

2024

Assets$69,459
Liabilities$0
Net Assets$69,459
Open 2024 Filing

Operations Trend

Revenue Growth92nd percentile

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

$150K$100K$50K$0Revenue 2022: $45,346Expenses 2022: $8,680Net Income 2022: $36,6662022Revenue 2023: $64,404Expenses 2023: $50,428Net Income 2023: $13,9762023Revenue 2024: $137,842Expenses 2024: $77,968Net Income 2024: $59,8742024

Highlighted filing

2024

Revenue$137,842
Expenses$77,968
Net Income$59,874
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 20, 2025
Return Version
2024v5.1
Gross Receipts
$166,855
Mission and Program Overview

Mission

To connect, empower, and elevate underrepresented entrepreneurs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$36,500$69,459▲ $32,959
Total Assets$36,500$69,459▲ $32,959
Liabilities
Accounts Payable and Accrued Expenses$2,950$0▼ $2,950
Total Liabilities$2,950$0▼ $2,950
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,550$69,459▲ $35,909
Total Net Assets Fund Balance$33,550$69,459▲ $35,909
Total Liabilities and Net Assets / Fund Balance$36,500$69,459▲ $32,959
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Karine SokpohBoard PresidentPT$60,000$60,000

Board Members and Trustees

NameTitle
Dr Matthew OmojolaBoard Member
Obiozor OkoloBoard Member
Jordan YoungSecretary
Dr Albert KateTreasurer
Tierra NesbittVP Marketing
Revenue and Support

Revenue Composition

Contributions and Grants
$68,343
Program Service Revenue
$18,500
Investment Income
$0
Other Revenue
$50,999
All Other Contributions
$51,445
Change in Net Assets
$59,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,968
Grants and Similar Amounts Paid$13,000
Total Fundraising Expense$7,555
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$15,280$15,280-$30,560
Fees for Services Accounting$4,514$4,513$4,513$13,540
Grants to Domestic Individuals$13,000--$13,000
Office Expenses$586$1,384$586$2,556
Fees for Services Other$293$293$293$879
Fees for Services Legal$217$217$216$650
Advertising$70$70$70$210
Other Expenses$183$177$177$183
Total Functional Expenses$46,779$23,634$7,555$77,968
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$80,012
Fundraising Direct Expenses$29,013
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gratitude Gala$80,012$80,012$21,727$58,285
Total Events$80,012$80,012$29,013$50,999
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
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, Part VI, Section B, Line 11B

“A draft copy of the 990 information return is delivered via email to all board members for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“All board members are required to annually review the policy and disclose any potential conflicts of interest.”

Form 990, Part VI, Section C, Line 18

“Copies of the organization's 990 are available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Mac Foundation Inc
EIN
87-4291295
Phone
4028810343
Address
7930 BLONDO STREET SUITE 100, OMAHA, NE 68134

Signing Officer

Name
Karine Sokpoh
Title
Board President
Phone
4028810343
Signed
2025-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karine Sokpoh
Formed
2021
Legal Domicile
Ne
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
10

Preparer

Firm
Hayes & Associates LLC
Address
13120 PIERCE ST SUITE 201, OMAHA, NE 68144
Preparer
Frank Hayes
Phone
4023902480
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE 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). WE ARE PLEASED TO ANNOUNCE THE MAC FOUNDATION SCHOLARSHIP APPLICATION IS OPEN TO APPLICANTS. WE RECOGNIZE THE FINANCIAL PRESSURE THAT STUDENTS FREQUENTLY EXPERIENCE, AND OUR SCHOLARSHIPS PROGRAM AIMS TO EASE SOME OF THAT BURDEN. OUR SCHOLARSHIPS ARE INTENDED TO HELP DESERVING STUDENTS WHO DEMONSTRATE A STRONG COMMITMENT TO THEIR STUDIES AND A PASSION FOR THEIR CHOSEN DISCIPLINES. WE PROVIDE $1,000 ONE-TIME SCHOLARSHIPS THAT CAN BE UTILIZED FOR TUITION AND BOOKS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE 990 INFORMATION RETURN IS DELIVERED VIA EMAIL TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY REVIEW THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF THE ORGANIZATION'S 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0851935551
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07930 BLONDO
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NE
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0702
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt130000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2425165
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2CASH VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MIDLANDS AFRICAN CHAMBER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MIDLANDS AFRICAN CHAMBER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2MIDLANDS AFRICAN CHAMBER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2R
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IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt036500
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IRS990/TotalContributionsAmt068343
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07555
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023634
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt046779
IRS990/TotalFunctionalExpensesGrp/TotalAmt077968
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02950
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt02950
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt033550
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt069459
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt046779
IRS990/TotalProgramServiceRevenueAmt018500
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt050999
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0137842
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt036500
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt069459
IRS990/TotReportableCompRltdOrgAmt060000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd068134
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0FUNDMAC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KARINE SOKPOH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04028810343
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MACF
ReturnHeader/Filer/EIN0874291295
ReturnHeader/Filer/PhoneNum04028810343
ReturnHeader/Filer/USAddress/AddressLine1Txt07930 BLONDO STREET SUITE 100
ReturnHeader/Filer/USAddress/CityNm0OMAHA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$69,459
Liabilities
$0
Net assets
$69,459
Revenue
$137,842
Expenses
$77,968
Net income
$59,874
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$1.38$0.78$0.60
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.03$0.34$0.64$0.50$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.15$0.41$0.45$0.09$0.37
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • <$500k nonprofits