Civic Intelligence

Meac Foundation

990EZ • Fiscal year 2024 • EIN 92-0270478

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 24, 2025

2730 Ellsmere AvenueNorfolk, VA 23513

(757) 416-7100

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.20x

Higher debt load relative to assets than 83% of similar nonprofits.

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

Liabilities / Revenue

98th percentile

2.54x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

2nd percentile

-606%

Higher net margin than 2% of similar nonprofits.

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

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

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

Asset Growth

23rd percentile

-22%

Faster asset growth than 23% of similar nonprofits.

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

Revenue Growth

2nd percentile

-95%

Faster revenue growth than 2% of similar nonprofits.

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

Assets

Down

$115,909

Down $32,078 (-22%) from 2023

Net Assets

Down

$92,809

Down $55,178 (-37%) from 2023

Liabilities

Up

$23,100

Up $23,100 from 2023

Revenue

Down

$9,106

Down $160,897 (-95%) from 2023

Expenses

Up

$64,284

Up $42,268 (+192%) from 2023

Net Income

Down

-$55,178

Down $203,165 (-137%) from 2023

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2023: $147,987Liabilities 2023: $0Net Assets 2023: $147,9872023Assets 2024: $115,909Liabilities 2024: $23,100Net Assets 2024: $92,8092024Assets 2025: $113,379Liabilities 2025: $46,489Net Assets 2025: $66,8902025

Highlighted filing

2024

Assets$115,909
Liabilities$23,100
Net Assets$92,809

Operations Trend

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

$200K$100K$0-$100KRevenue 2023: $170,003Expenses 2023: $22,016Net Income 2023: $147,9872023Revenue 2024: $9,106Expenses 2024: $64,284Net Income 2024: -$55,1782024Revenue 2025: $10,537Expenses 2025: $29,998Net Income 2025: -$19,4612025

Highlighted filing

2024

Revenue$9,106
Expenses$64,284
Net Income-$55,178
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 24, 2025
Return Version
2023v6.0
Gross Receipts
$9,106
Mission and Program Overview

Mission

The purpose of the MEAC Foundation is to support the Mid-Eastern Athletic Conference (MEAC), its member institutions and their local communities, residents and other stakeholders by providing educational programs, leadership training and other resources education and training in furtherance of the MEAC Foundation's goals and objectives which it refers to as its four anchors -- namely: Engagement, Development, Content Creation, and Alumni Relations. The MEAC member institutions are: Coppin State University, Delaware State University, Howard University, University of Maryland Eastern Shore, Morgan State University, Norfolk State University, North Carolina Central University, and South Carolina State University.

Program Services

DescriptionGrantsExpenses
Engagement The MEAC Foundation will create opportunities for engagement with a variety of audiences and markets including fans, alumni representatives of current and former institutions, agencies, potential donors, and supporters as it seeks to further the education, outreach, and impact of the MEAC member institutions and their respective communities and constituents.--
Development Initiatives to fund scholarships and special projects The MEAC Foundation will develop initiatives which will be the catalyst for the creation of special events and campaigns to fund special scholarships and grants to assist in the empowerment of those individuals seeking to further their education through both traditional and nontraditional avenues, and in other cases to assist organizations in communities associated with the MEAC to implement the programs needed to enhance their communities.--
Development Initiatives to fund scholarships and special projects The MEAC Foundation will develop initiatives which will be the catalyst for the creation of special events and campaigns to fund special scholarships and grants to assist in the empowerment of those individuals seeking to further their education through both traditional and nontraditional avenues, and in other cases to assist organizations in communities associated with the MEAC to implement the programs needed to enhance their communities.--
Alumni Relations Through its diversity of members from various universities, the MEAC Foundation has the unique opportunity to provide an abundance of ideas, creative energy, and examples of excellence back to the alumni organizations and campuses for each of its member institutions in order to: a. increase engagement and membership in the MEAC Foundation and the respective alumni associations b. share best practices of operations, structure and impact via its network and c. effectively communicate how the MEAC Foundation and its resources enhance each member institution's own alumni associations--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Heidi AndersonPresident-$0--
Dr Javaune Adams-GastonBoard Member-$0--
Dr Tony AllenBoard Member-$0--
Dr Alexander ConyersBoard Member-$0--
Dr Johnson AkinyeleBoard Member-$0--
Dr Anthony L JenkinsBoard Member-$0--
Dr Ben Vinson IIIBoard Member-$0--
Dr David WilsonBoard Member-$0--
Sonja StillsCommissioner-$0--
Raynoid DedeauxDeputy Commissioner-$0--
Filing and Contact Details

Filer

Filer Name
Meac Foundation
EIN
92-0270478
Phone
7574167100
Address
2730 Ellsmere Avenue, Norfolk, VA 23513

Signing Officer

Name
Sonja Stills
Title
Commissioner
Signed
2025-02-24
Discuss with paid preparer
Yes

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8 Other Revenue

Interest Income - 9; Miscellaneous - 3833;

Form 990-EZ, Part I, Line 16 Other Expenses

Payroll Expenses - 1351; Fundraising Expenses - 26933;

Form 990-EZ, Part II, Line 24B Other Assets

Pledges Receivable - BOY:100000,EOY:0;

Form 990-EZ, Part II, Line 26B Total Liabilities

Due To Mid-Eastern Athletic Conference - BOY:0,EOY:23100;

Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE

The purpose of the MEAC Foundation is to support the Mid-Eastern Athletic Conference (MEAC), its member institutions and their local communities, residents and other stakeholders by providing educational programs, leadership training and other resources education and training in furtherance of the MEAC Foundation's goals and objectives which it refers to as its four anchors -- namely: Engagement, Development, Content Creation, and Alumni Relations. The MEAC member institutions are: Coppin State University, Delaware State University, Howard University, University of Maryland Eastern Shore, Morgan State University, Norfolk State University, North Carolina Central University, and South Carolina State University.

Form 990EZ, Part III, Line 28 DESCRIPTION OF OTHER PROGRAM SERVICES

Engagement The MEAC Foundation will create opportunities for engagement with a variety of audiences and markets including fans, alumni representatives of current and former institutions, agencies, potential donors, and supporters as it seeks to further the education, outreach, and impact of the MEAC member institutions and their respective communities and constituents.

Form 990EZ, Part III, Line 29 DESCRIPTION OF OTHER PROGRAM SERVICES

Development Initiatives to fund scholarships and special projects The MEAC Foundation will develop initiatives which will be the catalyst for the creation of special events and campaigns to fund special scholarships and grants to assist in the empowerment of those individuals seeking to further their education through both traditional and nontraditional avenues, and in other cases to assist organizations in communities associated with the MEAC to implement the programs needed to enhance their communities.

Form 990EZ, Part III, Line 30 DESCRIPTION OF OTHER PROGRAM SERVICES

Development Initiatives to fund scholarships and special projects The MEAC Foundation will develop initiatives which will be the catalyst for the creation of special events and campaigns to fund special scholarships and grants to assist in the empowerment of those individuals seeking to further their education through both traditional and nontraditional avenues, and in other cases to assist organizations in communities associated with the MEAC to implement the programs needed to enhance their communities.

Form 990EZ, Part III, Line 31 Description of other program services

(EXPENSES $ INCLUDING GRANTS OF $ ) Alumni Relations Through its diversity of members from various universities, the MEAC Foundation has the unique opportunity to provide an abundance of ideas, creative energy, and examples of excellence back to the alumni organizations and campuses for each of its member institutions in order to: a. increase engagement and membership in the MEAC Foundation and the respective alumni associations b. share best practices of operations, structure and impact via its network and c. effectively communicate how the MEAC Foundation and its resources enhance each member institution's own alumni associations

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IRS990EZ/PrimaryExemptPurposeTxt0The purpose of the MEAC Foundation is to support the Mid-Eastern Athletic Conference (MEAC), its member institutions and their local communities, residents and other stakeholders by providing educational programs, leadership training and other resources education and training in furtherance of the MEAC Foundation's goals and objectives which it refers to as its four anchors -- namely: Engagement, Development, Content Creation, and Alumni Relations. The MEAC member institutions are: Coppin State University, Delaware State University, Howard University, University of Maryland Eastern Shore, Morgan State University, Norfolk State University, North Carolina Central University, and South Carolina State University.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Engagement The MEAC Foundation will create opportunities for engagement with a variety of audiences and markets including fans, alumni representatives of current and former institutions, agencies, potential donors, and supporters as it seeks to further the education, outreach, and impact of the MEAC member institutions and their respective communities and constituents.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Development Initiatives to fund scholarships and special projects The MEAC Foundation will develop initiatives which will be the catalyst for the creation of special events and campaigns to fund special scholarships and grants to assist in the empowerment of those individuals seeking to further their education through both traditional and nontraditional avenues, and in other cases to assist organizations in communities associated with the MEAC to implement the programs needed to enhance their communities.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Development Initiatives to fund scholarships and special projects The MEAC Foundation will develop initiatives which will be the catalyst for the creation of special events and campaigns to fund special scholarships and grants to assist in the empowerment of those individuals seeking to further their education through both traditional and nontraditional avenues, and in other cases to assist organizations in communities associated with the MEAC to implement the programs needed to enhance their communities.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3Alumni Relations Through its diversity of members from various universities, the MEAC Foundation has the unique opportunity to provide an abundance of ideas, creative energy, and examples of excellence back to the alumni organizations and campuses for each of its member institutions in order to: a. increase engagement and membership in the MEAC Foundation and the respective alumni associations b. share best practices of operations, structure and impact via its network and c. effectively communicate how the MEAC Foundation and its resources enhance each member institution's own alumni associations
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Interest Income - 9; Miscellaneous - 3833;
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Due To Mid-Eastern Athletic Conference - BOY:0,EOY:23100;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The purpose of the MEAC Foundation is to support the Mid-Eastern Athletic Conference (MEAC), its member institutions and their local communities, residents and other stakeholders by providing educational programs, leadership training and other resources education and training in furtherance of the MEAC Foundation's goals and objectives which it refers to as its four anchors -- namely: Engagement, Development, Content Creation, and Alumni Relations. The MEAC member institutions are: Coppin State University, Delaware State University, Howard University, University of Maryland Eastern Shore, Morgan State University, Norfolk State University, North Carolina Central University, and South Carolina State University.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Engagement The MEAC Foundation will create opportunities for engagement with a variety of audiences and markets including fans, alumni representatives of current and former institutions, agencies, potential donors, and supporters as it seeks to further the education, outreach, and impact of the MEAC member institutions and their respective communities and constituents.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Development Initiatives to fund scholarships and special projects The MEAC Foundation will develop initiatives which will be the catalyst for the creation of special events and campaigns to fund special scholarships and grants to assist in the empowerment of those individuals seeking to further their education through both traditional and nontraditional avenues, and in other cases to assist organizations in communities associated with the MEAC to implement the programs needed to enhance their communities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Development Initiatives to fund scholarships and special projects The MEAC Foundation will develop initiatives which will be the catalyst for the creation of special events and campaigns to fund special scholarships and grants to assist in the empowerment of those individuals seeking to further their education through both traditional and nontraditional avenues, and in other cases to assist organizations in communities associated with the MEAC to implement the programs needed to enhance their communities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8(EXPENSES $ INCLUDING GRANTS OF $ ) Alumni Relations Through its diversity of members from various universities, the MEAC Foundation has the unique opportunity to provide an abundance of ideas, creative energy, and examples of excellence back to the alumni organizations and campuses for each of its member institutions in order to: a. increase engagement and membership in the MEAC Foundation and the respective alumni associations b. share best practices of operations, structure and impact via its network and c. effectively communicate how the MEAC Foundation and its resources enhance each member institution's own alumni associations
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part III, Line 28 DESCRIPTION OF OTHER PROGRAM SERVICES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part III, Line 29 DESCRIPTION OF OTHER PROGRAM SERVICES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part III, Line 30 DESCRIPTION OF OTHER PROGRAM SERVICES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part III, Line 31 Description of other program services
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ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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