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Mac Foundation

EIN 87-4291295 · Omaha, NE

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceFair56 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO CONNECT, EMPOWER, AND ELEVATE UNDERREPRESENTED ENTREPRENEURS.

Income
$139,212
Spending
$105,770
Spent on programs
89%
Reserves
11.2 months of spending
Largest source of income
other income, 48%
Employees
0
Volunteers
45

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100.

  • Reserves

    28 of 35

    Spendable reserves would cover 11.2 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 24% of income.

  • Income trend

    15 of 15

    Income rose 1% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 6 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 56 out of 100.

  • Independent board

    5 of 25

    0 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $52,315 spent. 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 CHANGEMAKERS
  2. $21,826 spent. 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.
  3. $13,497 spent. 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.
  4. $6,600 spent. 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.
  5. 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.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Mather Foundation (Evanston, IL), EIN 20-1030638. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.