Overview
What is Mmac Community Support Foundation Inc?
Mmac Community Support Foundation Inc, based in Milwaukee, Wisconsin, is a nonprofit organization with a mission to enhance Hispanic vitality and prosperity. They strive to increase employment levels among Hispanics and build economic power through entrepreneurialism and innovation. This involves strategizing to move working individuals into better-paying, more skilled positions and leveraging growth and startup programs, incubators, regional clusters, and financing options to boost the number of Hispanic-owned businesses. Furthermore, they aim to increase participation in the voting electorate, public service, and policy influence to ensure Hispanic viewpoints are heard and incorporated in decisions impacting the community. The foundation supports projects and activities benefiting the greater Milwaukee area, with a particular focus on educational attainment, workforce enhancement, and economic development.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star Rating)
The Mmac Community Support Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a score of 68%. This overall rating is based solely on the Accountability & Finance beacon, suggesting that the organization meets some financial and accountability standards but has room for improvement. The majority of board members are independent, which is a positive aspect for governance, but the low number of independent members on the board raises concerns about oversight.
Strengths of the organization include a high program expense ratio of 99.59%, indicating that nearly all of its expenses are directed towards its programs. Additionally, the foundation has robust financial oversight measures in place, such as an audit committee and various policies (e.g., conflict of interest, whistleblower) that demonstrate accountability. However, the organization's liabilities to assets ratio is notably high at 96.53%, which may indicate financial vulnerability.
The foundation struggles with fundraising efficiency, rated at $0.002, indicating that it takes a significant amount of resources to raise funds. Furthermore, the working capital ratio of only 0.10 years suggests challenges in maintaining liquidity for day-to-day operations. Overall, while the Mmac Community Support Foundation Inc shows commitment towards its mission through program spending, its financial management and fundraising efforts require attention for long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Mmac Community Support Foundation Inc legitimate?
Mmac Community Support Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mmac Community Support 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.none
What is the mission statement of Mmac Community Support Foundation Inc?
The Mmac Community Support Foundation Inc's mission is centered around supporting projects and activities that enhance the greater Milwaukee area, with a particular focus on educational attainment, workforce enhancement, and economic development. In their efforts, they aim to improve the vitality and prosperity of the community, specifically for Hispanics by increasing employment levels, fostering entrepreneurship, and innovation. This initiative involves strategies to help individuals secure better-paying, skilled positions, leverage growth and startup programs, and increase the number of Hispanic-owned businesses. Moreover, they strive to encourage Hispanic participation in the voting electorate, public service, and policy influence to ensure their perspectives are heard and integrated into impactful actions.
Official website here: www.none
Who is the CEO of Mmac Community Support Foundation Inc?
Ulice Payne Jr is the President of Mmac Community Support Foundation Inc.
Official website here: www.none
What is the revenue of Mmac Community Support Foundation Inc?
Mmac Community Support Foundation Inc's revenue in 2022 was $960,482.
Official website here: www.none
Who are the executives of Mmac Community Support Foundation Inc and what are their salaries?
There 2 volunteers at Mmac Community Support Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $159,484
- Other: $38,188
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Mmac Community Support Foundation Inc
Mmac Community Support Foundation Inc is committed to supporting projects and activities that benefit the greater Milwaukee area, with a special focus on educational attainment, workforce enhancement, and economic development. The organization's mission is to collaborate and improve the vitality and prosperity of the Hispanic community by increasing employment levels, building economic power through entrepreneurship and innovation. This initiative aims to help working individuals move into higher-paying, more skilled positions. Additionally, Mmac Community Support Foundation Inc works on strategies to leverage growth and startup programs, incubators, regional clusters, and financing options to increase the number of Hispanic-owned businesses. Furthermore, the foundation seeks to increase participation in the voting electorate, positions of public service, and policy influence, recognizing that current levels are insufficient to ensure that Hispanic viewpoints are heard and incorporated into actions that have a direct impact.
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Impact
July, 2024
Mmac Community Support Foundation Inc is dedicated to improving Hispanic vitality and prosperity in the greater Milwaukee area. They focus on increasing Hispanic employment levels, fostering economic power through entrepreneurialism and innovation, and providing strategies to move individuals into higher-paying, skilled positions. Additionally, the foundation works to boost the number of Hispanic-owned businesses by leveraging growth programs, startup initiatives, and financing options. Furthermore, they aim to enhance Hispanic participation in the voting electorate, public service roles, and policy influence to ensure their community's viewpoints are heard and incorporated into actionable measures. Overall, Mmac Community Support Foundation Inc's impact is significant in driving community improvement and advancing the economic and social well-being of the Hispanic population in Milwaukee.
This information is meant to be a general summary of Mmac Community Support 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: $973
- Gross Receipts: $960,482
Assets and Liabilities:
- Total Assets: $1,367,583
- Total Liabilities: $49,663
- Net Assets: $1,317,920
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Organization Details
Founding Year
1992
Phone
(414) 287-4100Principal Officer
Ulice Payne Jr
Main Address
275 W WISCONSIN AVENUE 220, MILWAUKEE, WI, 532033304
Website
www.noneNTEE Category
Code: S80Z - Community improvement
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