MAC FOUNDATION INC

EIN: 874291295 501(c)(3)

OMAHA, NE

Total Revenue
$64,404
Total Expenses
$50,428
Total Assets
$36,500
Net Assets
$33,550
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NE
Principal Officer
KARINE SOKPOH
Phone
4028810343
Tax Period
2023-01-01 to 2023-12-31

MAC FOUNDATION INC, founded in 2021, is a micro nonprofit that reported $64K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14K, a strong 22% operating margin.

Mission

TO CONNECT, EMPOWER, AND ELEVATE UNDERREPRESENTED ENTREPRENEURS.

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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 $38,947
Program Service Revenue $17,500
Investment Income $0
Other Revenue $7,957
TOTAL REVENUE $64,404

Expense Breakdown

Grants Paid $11,000
Salaries & Benefits $0
Fundraising Expenses $1,053
Program Expenses $32,585
Other Expenses $39,428
TOTAL EXPENSES $50,428

Year-over-Year Comparison

2023 2022 Change
Revenue $64,404 $45,346 +0.4%
Expenses $50,428 $8,680 +4.8%
Net Income $13,976 $36,666 -0.6%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
10

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
$57,692
Total Directors
6
$57,692
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARINE SOKPOH PRESIDENT 10.00
Officer Director
$0 $0 $57,692
JORDAN YOUNG SECRETARY 10.00
Officer Director
$0 $0 $0
DR ALBERT KATE TREASURER 10.00
Officer Director
$0 $0 $0
DR MATTHEW OMOJOLA BOARD MEMBER 1.00
Director
$0 $0 $0
TIERRA NESBITT BOARD MEMBER 1.00
Director
$0 $0 $0
OBIOZOR OKOLO BOARD MEMBER 1.00
Director
$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 $64,404 $50,428 $36,500 $13,976
2022 $45,346 $8,680 $55,611 $36,666
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