Maac Foundation Inc
- Assets
- $12.4m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 28
- Location
- Valparaiso, IN
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 38-4008491
Organization Overview
Maac Foundation Inc is located in Valparaiso, IN. The organization was established in 2017. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2022, Maac Foundation Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maac Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Maac Foundation Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAAC'S MISSION IS TO DEVELOP AND MAINTAIN TRAINING OPPORTUNITIES FOR FIREFIGHTERS, POLICE OFFICERS, AND EMS. THIS WILL BE ACHIEVED THROUGH THE OFFERINGS OF COMBINED CLASSROOM AND PRACTICAL APPLICATION PROGRAMS THAT WILL PROVIDE ADVANCED LEVELS OF CRITICAL THINKING AND FUNCTIONING IN PREPAREDNESS AND RESPONSE. MOREOVER, MAAC FOUNDATION IS DEDICATED TO SUPPORTING AND MEETING THE NEEDS OF EXISTING INDIANA DISTRICT 1 TRAINING SITES, IN PARTNERSHIP WITH INDIANA DISTRICT 1 FIREFIGHTER TRAINING COUNCIL, TO EFFECTIVELY AND EFFICIENTLY PROVIDE FIRE SERVICE TRAINING TO ALL DISTRICT 1 FIREFIGHTERS, ENSURING THAT NATIONAL FIREFIGHTER STANDARDS ARE MET; QUALITY OF TRAINING AND EXPERIENCE OF FIRE INSTRUCTORS ARE SUFFICIENT; AND THAT THE CORE ELEMENTS AND FOUNDATION OF AN EFFECTIVE FIRE TRAINING SYSTEM IS ESTABLISHED AND MAINTAINED FOR FUTURE GENERATIONS OF FIREFIGHTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONDUCTED CLASSROOM AND PRACTICAL TRAINING PROGRAMS TO FIREFIGHTERS, POLICE OFFICERS AND EMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celina Weatherwax President | Officer | 30 | $71,400 |
Michael Baird Treasurer | Trustee | 10 | $0 |
George Douglas Director | Trustee | 10 | $0 |
William Maar Secretary | Trustee | 10 | $0 |
Stewart Mcmillan Chairman | Trustee | 20 | $0 |
Gary Miller Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $98,702 |
| Related organizations | $0 |
| Government grants | $905,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,767,977 |
| Noncash contributions included in lines 1a–1f | $31,301 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,772,179 |
| Total Program Service Revenue | $125,822 |
| Investment income | $65,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$524,983 |
| Net Income from Fundraising Events | -$14,465 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,423,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,400 |
| Compensation of current officers, directors, key employees. | $71,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,905 |
| Payroll taxes | $23,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,448 |
| Fees for services: Lobbying | $34,522 |
| Fees for services: Fundraising | $28,868 |
| Fees for services: Investment Management | $27,525 |
| Fees for services: Other | $13,861 |
| Advertising and promotion | $44,873 |
| Office expenses | $42,318 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,351 |
| Travel | $1,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $450,902 |
| Insurance | $58,799 |
| All other expenses | $0 |
| Total functional expenses | $1,261,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $823,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,660,151 |
| Investments—publicly traded securities | $4,957,806 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,441,057 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,000,000 |
| Net assets without donor restrictions | $6,424,271 |
| Net assets with donor restrictions | $5,016,786 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,441,057 |