Overview
What is The Maac Foundation Inc?
The Maac Foundation Inc, based in Valparaiso, Indiana, is a nonprofit organization primarily focused on providing comprehensive training programs for firefighters, police officers, and EMS professionals. Their mission is to offer advanced levels of critical thinking and functioning in preparedness and response through combined classroom and practical application programs. The foundation is committed to supporting and meeting the needs of existing training sites in partnership with the Indiana District 1 Firefighter Training Council. This collaboration ensures the effective and efficient provision of fire service training to all District 1 firefighters, ensuring national firefighter standards are met, and maintaining a strong foundation for future generations of firefighters. The Maac Foundation Inc houses a team of 28 dedicated individuals.
Official website here: www.maacfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Maac Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting an 87% overall score. This rating signifies a strong commitment to accountability and financial health, with notable strengths in governance practices and board independence. The organization demonstrates a robust material diversion of assets policy and has a comprehensive conflict of interest policy in place, indicating a well-structured governance framework.
The foundation excels in its financial metrics, achieving an impressive program expense ratio of 79.48%, which suggests that a large percentage of its expenses are dedicated to its mission-related programs. Additionally, the organization maintains a low liabilities to assets ratio of 8.02%, showcasing its financial stability and effective management of resources. The working capital ratio of 9.72 years further emphasizes its ability to sustain operations over an extended period.
However, there is a notable limitation in fundraising efficiency, as the foundation scored $0.00 on this metric. This may indicate challenges in generating revenue through fundraising efforts, which could impact its long-term sustainability and capacity to expand its programs. Overall, while The Maac Foundation Inc displays commendable financial practices and governance, it may need to strategize on enhancing its fundraising capabilities.
This AI summary has been generated from information found on Charity Navigator.
Is The Maac Foundation Inc legitimate?
The Maac Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Maac Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $71,400
Professional Fundraising Fees: $28,868
Other Salaries and Wages: $212,586
For more financial information, click here
Official website here: www.maacfoundation.org
What is the mission statement of The Maac Foundation Inc?
The Maac Foundation's mission is centered around providing advanced training opportunities for firefighters, police officers, and EMS personnel. This is achieved through a combination of classroom and practical application programs, designed to enhance critical thinking and functionality in preparedness and response. The foundation is also committed to supporting and meeting the needs of existing training sites, in partnership with the Indiana District 1 Firefighter Training Council. Their goal is to effectively and efficiently provide fire service training to all District 1 firefighters, ensuring national firefighter standards are met, the quality of training and experience of fire instructors are sufficient, and an effective fire training system is established and maintained for future generations of firefighters.
Official website here: www.maacfoundation.org
Who is the CEO of The Maac Foundation Inc?
Celina Weatherwax is the President of The Maac Foundation Inc.
Official website here: www.maacfoundation.org
What is the revenue of The Maac Foundation Inc?
The Maac Foundation Inc's revenue in 2022 was $3,423,715.
Official website here: www.maacfoundation.org
Who are the executives of The Maac Foundation Inc and what are their salaries?
The average compensation at The Maac Foundation Inc during 2022 was $10,142. There are 28 employees and 100 volunteers at The Maac Foundation Inc.
Here are 10 key members and their salaries:
- Compensation: $71,400
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- Other: $0
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- Other: $0
Official website here: www.maacfoundation.org
Where can I find the form 990 for The Maac Foundation Inc?
The Maac Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maacfoundation.org
Learn more at the official website: www.maacfoundation.org
Mission Statement of The Maac Foundation Inc
The Maac Foundation Inc is committed to developing and sustaining training opportunities for firefighters, police officers, and emergency medical services (EMS) personnel. They achieve this goal by offering combined classroom and practical application programs that foster advanced critical thinking and functioning, particularly in preparedness and response. The foundation is also dedicated to supporting and catering to the needs of existing training sites in Indiana District 1, in collaboration with the Indiana District 1 Firefighter Training Council. This partnership aims to effectively and efficiently provide fire service training to all District 1 firefighters, ensuring compliance with national firefighter standards, maintaining the quality of training and the expertise of fire instructors, and establishing a robust foundation for an effective fire training system for future generations of firefighters.
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Impact
July, 2024
The MAAC Foundation Inc has made a significant impact in the field of public safety by developing and maintaining training opportunities for firefighters, police officers, and EMS personnel. Through their combined classroom and practical application programs, they have enhanced the critical thinking skills and preparedness of these first responders. By supporting existing training sites in partnership with the Indiana District 1 Firefighter Training Council, MAAC Foundation ensures that national firefighter standards are met and that the quality of training is sufficient. Their dedication to establishing and maintaining an effective fire training system for future generations of firefighters is commendable.
This information is meant to be a general summary of The Maac Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$459,821
- Program Service Revenue: $125,822
- Gross Receipts: $8,772,754
Assets and Liabilities:
- Total Assets: $12,441,057
- Total Liabilities: $1,000,000
- Net Assets: $11,441,057
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING PROGRAMS
Revenue
$125,822
Organization Details
Founding Year
2016
Phone
(219) 510-9111Principal Officer
Celina Weatherwax
Main Address
4203 MONTDALE PARK DRIVE, VALPARAISO, IN, 46383
Website
www.maacfoundation.orgNTEE Category
Code: M12 - Public safety
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