Overview
What is Mac Foundation?
The Mac Foundation is a charitable organization situated in Missoula, Montana. Its primary focus is to aid and support programs that cater to the needs of young victims of abuse and neglect, particularly those who have transitioned into the foster care system. The organization is particularly invested in research and educational programs, aiming to identify initiatives with the highest likelihood of positive outcomes, both in terms of maintaining stable relationships and providing foster youth with the educational opportunities necessary for further advancement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
The Mac Foundation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns in its accountability and financial practices. While the organization boasts a fully independent board and adheres to essential governance policies, its overall financial performance raises red flags, particularly reflected in its poor program expense ratio and lack of transparency in its financial statements.
Strengths of the Mac Foundation include a well-structured governance framework, with 100% independent board members and a strong commitment to ethical practices, evidenced by its conflict of interest and whistleblower policies. Additionally, the foundation has shown no material diversion of assets, which is a positive sign regarding its integrity and operational conduct.
However, the foundation's financial health appears problematic, as indicated by a liabilities to assets ratio of 0.00% and no reported program expenses. These issues suggest that the organization may be struggling to allocate resources effectively toward its mission, raising concerns for potential donors and stakeholders about its capacity to fulfill its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Mac Foundation legitimate?
Mac Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mac Foundation 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
What is the mission statement of Mac Foundation?
The Mac Foundation's mission is to identify and support charitable programs that cater to the needs of young victims of abuse and neglect, particularly those who have been placed in the foster care system. The organization has a strong focus on research and educational programs, aiming to identify initiatives with the highest likelihood of positive outcomes, both in terms of establishing lasting relationships and providing educational opportunities that lead to the highest level of educational opportunities for foster youth.
Who is the CEO of Mac Foundation?
Unavailable
What is the revenue of Mac Foundation?
Mac Foundation's revenue in 2022 was $3,573,407.
Who are the executives of Mac Foundation and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $60,000
- Related: $407,500
- Other: $58,527
Where can I find the form 990 for Mac Foundation?
Mac Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mac Foundation
Mac Foundation, a charitable organization, is dedicated to identifying and supporting programs that cater to the needs of young victims of abuse and neglect, specifically those who have entered the foster care system. The organization's mission is multifaceted, focusing on both research and educational programs. Its primary goal is to identify initiatives with the highest likelihood of positive outcomes, not only in terms of relational permanence but also in relation to educational achievements. By doing so, Mac Foundation aims to provide foster youth with the highest level of educational opportunities, ultimately setting them up for success. The organization's mission is instrumental in ensuring that young victims of abuse and neglect in the foster care system receive the necessary support to help them overcome their past and build a promising future.
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Impact
July, 2024
The Mac Foundation's impact is significant in addressing the needs of young victims of abuse and neglect, specifically those in the foster care system. Through its focus on research and educational programs, the organization aims to identify and support charitable programs that have the highest likelihood of positive outcomes for these vulnerable youth. By emphasizing relational permanence and educational opportunities, the Mac Foundation plays a critical role in improving the lives of foster youth and ensuring they have access to the support and resources they need to thrive.
This information is meant to be a general summary of Mac Foundation. 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: $73,407
- Gross Receipts: $3,573,407
Assets and Liabilities:
- Total Assets: $20,606,421
- Total Liabilities: $0
- Net Assets: $20,606,421
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Organization Details
Founding Year
2015
Phone
(619) 543-0293Main Address
305 SOUTH 4TH STREET EAST, MISSOULA, MT, 59801
NTEE Category
Code: T31 - Philanthropy
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