KATI MAC EDUCATION FOUNDATION

EIN: 863679502 501(c)(3) Human Services

WEST CHESTER, PA

Total Revenue
$470,445
Total Expenses
$416,241
Total Assets
$14,344
Net Assets
$12,694
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
PA
Principal Officer
COLLEEN M BRENNAN
Phone
6104319414
Tax Period
2023-01-01 to 2023-12-31

KATI MAC EDUCATION FOUNDATION, founded in 2021, is a small nonprofit in the Human Services sector that reported $470K in total revenue in fiscal year 2023. Expenses of $416K left a modest 12% surplus.

Mission

GIVING BACK TO OUR COMMUNITY WAS ALWAYS A PART OF OUR LIVES. HOWEVER, THE HOW AND WHY TO GIVE BACK EXPANDED WHEN AN UNBELIEVABLE OPPORTUNITY WAS PRESENTED TO US. FOR YEARS WE DREAMED ABOUT RUNNING A RETAIL BUSINESS IN THE BOROUGH OF WEST CHESTER WHERE INDIVIDUALS WITH SPECIAL NEEDS COULD WORK. WE HOPED TO PROVIDE AN OPPORTUNITY TO PROVIDE INDEPENDENCE, PURPOSE, AND MEANINGFUL WORK TO THOSE WITH SPECIAL NEEDS, HOWEVER, WE NEVER EXPECTED SO MANY PEOPLEESPECIALLY BRIDESTO EMBRACE OUR VISION OF A CAUSE-BASED BUSINESS SUPPORTING PEOPLE WITH SPECIAL NEEDS. ALL PARENTS ENVISION THE FUTURE OF THEIR KIDS, BUT FOR PARENTS OF KIDS WITH SPECIAL NEEDS, THINKING ABOUT THE FUTURE CAN BRING MORE QUESTIONS THAN ANSWERS. AN ANSWER TO ONE OF THOSE QUESTIONS BECAME CLEAR WHEN WE LEARNED OF AN OPPORTUNITY TO PURCHASE A WELL-ESTABLISHED FLOWER SHOP WITH A FANTASTIC TENURED STAFF. IT SEEMED TOO GOOD TO BE TRUE: A TURNKEY SHOP WITH A GREAT REPUTATION AND YEARS OF EXPERIENCE WORKING WITH BRIDES, WEDDING PLANNE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $77,498
Program Service Revenue $392,947
Investment Income $0
Other Revenue $0
TOTAL REVENUE $470,445

Expense Breakdown

Grants Paid $0
Salaries & Benefits $157,725
Fundraising Expenses $0
Program Expenses $400,348
Other Expenses $258,516
TOTAL EXPENSES $416,241

Year-over-Year Comparison

2023 2022 Change
Revenue $470,445 N/A N/A
Expenses $416,241 N/A N/A
Net Income $54,204 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
22
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLLEEN M BRENNAN TREASURER 25.00
Officer
$0 $0 $0
JASON BRENNAN SECRETARY 2.00
Officer
$0 $0 $0
ELAINE M SCOTT PRESIDENT 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $470,445 $416,241 $14,344 $54,204
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