Mace Foundation

The Mace Foundation is a U.S.-based nonprofit organization designated as a 501(c)(3) entity. It is primarily focused on humanitarian and community services, categorized under Human Services—Multipurpose and Other/Family Services according to the National Taxonomy of Exempt Entities (NTEE).

Overview

The Mace Foundation is organized to support educational, charitable, and human services activities. It operates as a tax-exempt organization, allowing donations to be tax-deductible. The foundation's primary source of revenue comes from contributions.

Financial Information

As per the IRS Form 990 filings, the Mace Foundation relies entirely on contributions for its revenue. In recent years, it has received notable contributions that support its programming and operations. For example, in fiscal year 2022, the foundation reported total assets of approximately $40,325, with liabilities amounting to $1,754. In 2021, its assets were about $105,558, with no liabilities reported. The organization's expenses primarily include salaries and wages for personnel involved in its community services.

Key Personnel

Key personnel within the Mace Foundation include executive and board-level officials responsible for overseeing its operations and strategic decisions. Notably, Lisa Williams serves as an Executive Director, while Quentin Brown and Sharon W. Cooper, MD, hold board positions including Treasurer and President, respectively.

Activities and Impact

While specific detail about the Mace Foundation's activities is limited, as a multipurpose and family services organization, it likely engages in programs and partnerships that support community development and family welfare initiatives. The foundation's mission aligns with broader goals of promoting social welfare and providing essential services to disadvantaged communities.

Transparency and Governance

The Mace Foundation complies with IRS regulations by filing annual Form 990 returns, which provide insights into its financial health, governance, and operational activities. This transparency ensures accountability to stakeholders and the public.

In summary, the Mace Foundation operates as a dedicated nonprofit entity focused on supporting community needs through charitable activities. Despite its smaller size compared to larger nonprofits, it contributes significantly to the social fabric by providing essential services and support to those in need.