Nonprofit · EIN 87-4291295
MAC FOUNDATION
Tax-exempt · OMAHA, NE 68134
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $139,212 | $105,770 | $33,442 | $98,735 | $0 | $98,735 |
| December 31, 2024 | 990 | $137,842 | $77,968 | $59,874 | $69,459 | $0 | $69,459 |
| December 31, 2023 | 990 | $64,404 | $50,428 | $13,976 | $36,500 | $2,950 | $33,550 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $60,276
- Program service revenue
- $12,450
- Investment income
- $0
- Net income from fundraising events
- $66,486
- Other revenue
- $66,486
Expenses
- Grants and similar amounts paid
- $20,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $9,321
- Program services (functional)
- $94,238
- Management and general (functional)
- $7,645
- Fundraising (functional)
- $3,887
Balance sheet and other
- Total assets, start of year
- $69,549
- Total assets, end of year
- $98,735
- Total liabilities, end of year
- $0
- Net assets, end of year
- $98,735
- Net assets without donor restrictions
- $98,735
- Gross unrelated business income
- $66,486
- Gross receipts
- $191,525
- Employees
- 0
- Volunteers
- 45
- Year formed
- 2021
- State of legal domicile
- NE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARINE E SOKPOH | PRESIDENT Trustee or director, Officer | 5 | $0 |
| DARELL BLACK | BOARD MEMBER Trustee or director | 1 | $0 |
| DR ALBERT KATE | TREASURER Trustee or director | 1 | $0 |
| DR MATTHEW OMOJOLA | BOARD MEMBER Trustee or director | 1 | $0 |
| TIERRA NESBITT | VP MARKETING Trustee or director | 1 | $0 |
| RALPH ABALO | BOARD MEMBER Trustee or director | 1 | $0 |
| PIERRE BITA | SECRETARY Trustee or director | 1 | $0 |
| IKE IGBOKWE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| KARINE SOKPOH | BOARD PRESIDENT Trustee or director, Officer | 10 | $0 | $60,000 |
| JORDAN YOUNG | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| DR ALBERT KATE | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| DR MATTHEW OMOJOLA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIERRA NESBITT | VP MARKETING Trustee or director, Officer | 5 | $0 | $0 |
| OBIOZOR OKOLO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| KARINE SOKPOH | PRESIDENT Trustee or director, Officer | 10 | $0 | $57,692 |
| JORDAN YOUNG | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| DR ALBERT KATE | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| DR MATTHEW OMOJOLA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIERRA NESBITT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| OBIOZOR OKOLO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7930 BLONDO STREET STE 100, OMAHA, NE 68134-6661
- In care of
- % KARINE E SOKPOH
- Principal officer (990 for 2025)
- KARINE E SOKPOH, 7930 BLONDO STREET Ste 100, Omaha, NE 68134
- Signed the 990
- KARINE E SOKPOH, PRESIDENT
- Phone
- (402) 881-0343
- Website
- FUNDMAC.ORG
- Return prepared by
- AFFABLE TAX & ACCOUNTING EXPERTS
Mission
TO CONNECT, EMPOWER, AND ELEVATE UNDERREPRESENTED ENTREPRENEURS.
Program accomplishments
- THE GRATITUDE GALA IS OUR ANNUAL FUNDRAISING EVENT THAT SUPPORTS OUR PROGRAMS. EVERY SPONSORSHIP, DONATION, AUCTION CONTRIBUTION, AND TICKET PURCHASED HELPS THE MAC FOUNDATION CONTINUE CREATING ACCESS, OPPORTUNITY, AND SUPPORT FOR UNDERREPRESENTED ENTREPRENEURS, STUDENTS, AND EMERGING LEADERS. THE CONTRIBUTIONS RECEIVED HELP FUND TRANSFORMATIVE PROGRAMS SUCH AS SUIT UP, RISING CEOS, MAC SCHOLARSHIPS, MAC XCELERATOR, UMOJA FORUM, AND OTHER ESSENTIAL MAC FOUNDATION INITIATIVES THAT PROVIDE MENTORSHIP, EDUCATION, ACCESS TO RESOURCES, AND OPPORTUNITIES FOR GROWTH. TOGETHER, WE CELEBRATE EXCELLENCE, HONOR LEADERSHIP, AND OPEN DOORS FOR THE NEXT GENERATION OF CHANGEMAKERSExpenses $52,315 · revenue $118,799
- THE RISING CEOS PROGRAM CULTIVATES THE NEXT GENERATION OF BUSINESS LEADERS THROUGH A TEN-WEEK ENTREPRENEURIAL DEVELOPMENT EXPERIENCE FOR HIGH SCHOOL AND COLLEGE STUDENTS. PARTICIPANTS ENGAGE IN WORKSHOPS ON FINANCIAL LITERACY, LEADERSHIP, INNOVATION, AND BUSINESS PLANNING, CULMINATING IN A PITCH COMPETITION WHERE THEY PRESENT THEIR VENTURES TO A PANEL OF LOCAL EXECUTIVES AND EDUCATORS. SUPPORTED BY PARTNERS SUCH AS GOOGLE, BANK OF AMERICA, JOHN A. AND DIANNE M. SCOTT FOUNDATION, METROPOLITAN COMMUNITY COLLEGE, AND LOZIER, THE PROGRAM AIMS TO BUILD CONFIDENCE, CRITICAL THINKING, AND COLLABORATION AMONG YOUNG LEADERS. THROUGH MENTORSHIP AND EXPERIENTIAL LEARNING, RISING CEOS EMPOWERS STUDENTS TO TRANSFORM IDEAS INTO ACTION AND CAREERS INTO LEGACIES.Expenses $21,826 · grants $500 · revenue $12,000
- THE SUIT UP PROGRAM EMPOWERS UNDERSERVED YOUTH AND YOUNG ADULTS BY PROVIDING PROFESSIONAL ATTIRE, MENTORSHIP, AND WORKFORCE READINESS TRAINING. THROUGH QUARTERLY SESSIONS, PARTICIPANTS RECEIVE NOT ONLY SUITS AND BUSINESS CLOTHING BUT ALSO CAREER COACHING, MOCK INTERVIEWS, AND ACCESS TO EMPLOYMENT OPPORTUNITIES. MAC PARTNERS WITH BOTH NONPROFIT ORGANIZATIONS AND CORPORATE SPONSORS TO DELIVER THIS PROGRAM, ENSURING THAT EACH PARTICIPANT LEAVES WITH THE CONFIDENCE AND TOOLS NEEDED TO ENTER THE WORKFORCE OR PURSUE HIGHER EDUCATION. THE INITIATIVE REINFORCES THE CHAMBERS BELIEF THAT ECONOMIC EMPOWERMENT BEGINS WITH DIGNITY, OPPORTUNITY, AND PREPARATION.Expenses $13,497
- THE MAC SCHOLARSHIP PROGRAM INVESTS IN THE EDUCATIONAL SUCCESS OF FUTURE LEADERS BY AWARDING TWENTY $1,000 SCHOLARSHIPS EACH YEAR TO COLLEGE AND UNIVERSITY STUDENTS PURSUING DEGREES IN FIELDS SUCH AS BUSINESS, ACCOUNTING, LAW, AND STEM. THE SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO DEMONSTRATE ACADEMIC EXCELLENCE, LEADERSHIP, AND A COMMITMENT TO COMMUNITY SERVICE. THIS PROGRAM REFLECTS MACS COMMITMENT TO BUILDING AN EQUITABLE PIPELINE OF TALENTED PROFESSIONALS READY TO CONTRIBUTE TO THE REGIONS ECONOMIC AND CIVIC DEVELOPMENT.Expenses $6,600 · grants $20,000 · revenue $21,615
- THE UMOJA FORUM FOSTERS UNITY AND COLLABORATION BETWEEN AFRICAN IMMIGRANTS AND AFRICAN AMERICANS THROUGH DIALOGUE, STORYTELLING, AND JOINT INITIATIVES. DERIVED FROM THE SWAHILI WORD FOR UNITY, UMOJA PROVIDES A SPACE FOR HONEST CONVERSATION AND SHARED LEARNING THAT BRIDGES CULTURAL DIVIDES AND STRENGTHENS COLLECTIVE INFLUENCE. THE PROGRAM FEATURES BOTH VIRTUAL AND IN-PERSON EVENTS THAT EXPLORE ISSUES SUCH AS RACIAL EQUITY, CULTURAL IDENTITY, AND ECONOMIC MOBILITY. THROUGH THESE FORUMS, MAC HELPS BUILD STRONGER ALLIANCES WITHIN THE BLACK DIASPORA COMMUNITY TO PROMOTE MUTUAL GROWTH AND EMPOWERMENT.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-4291295
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $98,735
- Income (IRS master file)
- $191,525
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $139,212 | $105,770 | $98,735 | XML |
| 990 | December 2024 | $137,842 | $77,968 | $69,459 | IRS |
| 990 | December 2023 | $64,404 | $50,428 | $36,500 | XML |
| 990 | December 2022 | $45,346 | $8,680 | $55,611 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-4291295).
Questions about MAC FOUNDATION
- What is the EIN of MAC FOUNDATION?
- The employer identification number (EIN) of MAC FOUNDATION is 87-4291295.
- Is MAC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MAC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAC FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAC FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MAC FOUNDATION?
- The 990 for the year ended December 31, 2025 names KARINE E SOKPOH.
- Who are the officers and directors of MAC FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does MAC FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $139,212, expenses of $105,770 and total assets of $98,735 at year end.
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