the mahone fund

Name

the mahone fund

Legal name

The Mary Lou & Arthur F. Mahone Foundation

Website

https://mahonefund.org

Company type

Private

Founded year

1999

Operating status

Operating

Ownership category

akta.pro rank

Product category

Nonprofit Youth Education & Scholarship Services

NAICS

Grantmaking Foundations (813211), Grantmaking and Giving Services (81321), Civic and Social Organizations (8134)

SIC

Services-Educational Services (8200), Services-Membership Organizations (8600)

akta.pro primary industry

College Access, Scholarships & Student Success Nonprofits (BPAGADAE)

akta.pro secondary industries

Youth Mentoring & Positive Youth Development Nonprofits (BPAGADAD), Scholarship & Fellowship Foundations and Trusts (EDADAHAC)

Keywords

• Youth education scholarships
• College access programs
• Mentorship nonprofit
• Community event fundraising
• Charitable foundation programs

Headquarters

HQ city

Kenosha

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Donations and Charitable Contributions: The foundation relies on donations from individuals, corporations, and community members. Donations are facilitated through online platforms (Givebutter) and can also be made via check. The United Way of Kenosha County serves as the fiscal sponsor, enabling tax-deductible donations.
2. Corporate Sponsorship: Corporate sponsors including Snap-on, Bear Development, Advocate Aurora, Green Bay Packers, Meijer, Direct Supply, and others provide financial support for foundation programs and events.
3. Event Revenue: Revenue generated from event activities including ticket sales for HarborPark Jazz Festival (general admission $35 advance/$45 gate, VIP $95) and 50/50 raffles.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

The Mahone Fund (The Mary Lou & Arthur F. Mahone Foundation) is a 501(c)(3) nonprofit foundation that provides college scholarships, year-round mentoring through the Career Exploration Organization (CEO) program, and community events supporting economically and academically deserving youth — primarily first-generation and low-to-moderate-income students of color in Kenosha and Racine, Wisconsin. Individual scholarship awards of up to $5,000 are granted annually, and the foundation supplements these programs with an emergency student fund, youth development initiatives, and fundraising community events including the HarborPark Jazz Festival and Reaching for Rainbows Gala.

Product overview

The Mahone Fund operates as a nonprofit foundation offering a portfolio of educational support programs for economically and academically deserving youth in Kenosha, Wisconsin. The core offerings include the CEO (Career Exploration Organization) Mentoring Program providing year-round academic and career mentorship with scholarship awards, complemented by signature events including the Reaching for Rainbows Gala, HarborPark Jazz Festival, Lincoln Park Live! concert series, and PowerUp Resource Fair. The foundation also manages an emergency student fund and youth development programs, creating a comprehensive ecosystem supporting first-generation and minority students from high school through college completion.

Differentiator

Problem solved

Functional benefit

Products and services

• Career Exploration Organization (CEO) Mentoring Program A year-round academic business incubator that matches first-generation and low-to-moderate-income high school students of color ages 14-17 (and existing CEO Scholars in college) with academic and business mentors. Built around three core components: STEM Education, Employment and Economic Sustainability, and Life Skills development.
• Mahone Foundation College Scholarships Provides up to 10 college scholarships of up to $5,000 each to graduating seniors from Kenosha Unified School District, St. Joseph Catholic Academy, Christian Life Academy, and Shoreland Lutheran High School. Delivered in partnership with Carthage College and Herzing University, which expand college access for students of color.
• Lincoln Park Live! Music Series Free outdoor summer music concert series held at Lincoln Park's Warren J. Taylor Flower Garden in Kenosha, now in its 11th season. Features diverse genres including jazz, soul, salsa, reggae, blues, and Motown, with family-friendly activities and a Kids Zone.
• HarborPark Jazz, Rhythm & Blues Festival Annual ticketed lakefront music festival at HarborPark Celebration Place in Kenosha, celebrating its 26th year. Features national and regional jazz artists, cooking demonstrations by The Bartolotta Restaurants, silent auction, wine pull, and raffle.
• Reaching for Rainbows: Pursuit of Excellence Gala Annual scholarship gala at Carthage College celebrating academic achievement and community leadership. Features scholarship awards presentations and community awards including the Shebaniah Judah Signature Award and Dr. Bryan Albrecht Living Legend Award.
• PowerUp: College & Resource Fair Annual college and resource fair providing educational opportunities and community resources for students and families in the Kenosha region.
• Need is Now Student Emergency Fund Emergency financial support fund for Mahone Scholars currently enrolled in school, helping them navigate unexpected challenges and reduce barriers to college completion.
• Dream Girls Program Youth development program for young women, focused on personal and leadership development within the foundation's broader education and healthy-lifestyle mission.

Quantifiable outcome

• Over $800,000 in college scholarships provided over 20 years
• +3 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

19 partnerships are on record, tiered major, core and minor.

• Snap-onmajorOthersCorporate sponsor of the Mahone Foundation, facilitating the growth, development, and sustainability of the foundation's mission
• Carthage CollegecoreStrategic or Co-development PartnerAcademic partner providing full-tuition scholarships and college access for Mahone Foundation recipients. Carthage College hosts the Reaching for Rainbows Gala and partners on scholarship programs.
• Herzing UniversitycoreStrategic or Co-development PartnerAcademic partner providing full-tuition scholarships to Mahone Foundation students to increase college access for students of color.
• Gateway Technical CollegecoreStrategic or Co-development PartnerAcademic partner and former employer of co-founder Arthur Mahone. Named the Arthur F. Mahone Student Atrium. Provides endowed scholarship through the foundation.
• University Wisconsin ParksidecoreStrategic or Co-development PartnerAcademic partner bringing innovative program ideas for college readiness and career advancement opportunities.
• Kenosha Unified School DistrictcoreStrategic or Co-development PartnerPrimary educational partner for identifying and supporting scholarship candidates. Named Mary Lou Mahone Middle School after co-founder.
• United Way of Kenosha CountymajorStrategic or Co-development PartnerFiscal sponsor of the Mahone Foundation, enabling tax-deductible donations and broadening the foundation's service capacity.
• Kenosha Parks AlliancemajorStrategic or Co-development PartnerPartner for Lincoln Park Live Music Series, co-presenting the free outdoor concert series at Lincoln Park's Warren J. Taylor Flower Garden.
• Kenosha Public LibrarymajorStrategic or Co-development PartnerPartners with Mahone Foundation to provide the KPL Kids Zone at Lincoln Park Live events, featuring interactive learning activities and literacy programs.
• Visit KenoshamajorStrategic or Co-development PartnerTourism organization supporting Mahone Foundation events including Lincoln Park Live and HarborPark Jazz Festival.
• The Bartolotta RestaurantsmajorStrategic or Co-development PartnerCulinary partners hosting Cooking Studio demonstrations at the HarborPark Jazz Festival, providing gourmet foodie experiences.
• JockeymajorStrategic or Co-development PartnerCEO program internship partner providing work-based learning opportunities for first-generation and low-to-moderate income minority students.
• Kenosha Innovation NeighborhoodminorStrategic or Co-development PartnerCEO program internship partner providing professional mentorship and work-based learning opportunities.
• Bear DevelopmentminorOthersCorporate sponsor supporting Mahone Foundation mission and events.
• Advocate Aurora HealthcareminorOthersCorporate sponsor; CEO program internship partner providing healthcare sector work experience.
• Green Bay PackersminorOthersCorporate sponsor supporting foundation events and programs.
• Marquette UniversityminorStrategic or Co-development PartnerAcademic partner bringing college readiness and career advancement opportunities.
• University Wisconsin MilwaukeeminorStrategic or Co-development PartnerAcademic partner for higher education access.
• Xavier UniversityminorStrategic or Co-development PartnerAcademic partner for college access programs.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• UNCF (United Negro College Fund): UNCF is the largest U.S. scholarship provider supporting African American students' college access and success. Directly comparable to the Mahone Foundation's mission of providing scholarships and student support for students of color, though operating nationally rather than regionally.
• Hispanic Scholarship Fund: HSF provides scholarships, mentorship, and college-readiness programming for Hispanic and Latino students. Comparable to the Mahone Foundation's scholarship-plus-mentoring model serving first-generation students of color, with national scope.
• Thurgood Marshall College Fund: TMCF supports scholarships and student success at Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions. Comparable to the Mahone Foundation's mission of increasing college access and completion for students of color through institutional partnerships.
• Ron Brown Scholar Program: Provides merit-based scholarships and career development to academically talented African American high school students. Closely comparable to the Mahone Foundation's CEO scholarship program targeting high-achieving students of color.
• Jackie Robinson Foundation: Provides multi-year scholarships, mentoring, and leadership development to minority college students. Highly comparable to the Mahone Foundation's combined scholarship-plus-mentorship model for first-generation students of color.
• I Have a Dream Foundation: Sponsors cohorts of students from low-income communities through college access, mentoring, and tuition support. Comparable to the Mahone Foundation's long-term, cohort-based approach to youth development and scholarships.
• Posse Foundation: Identifies and trains cohorts of diverse student leaders for college success through partner institutions. Comparable to the Mahone Foundation in providing cohort-based mentoring and college access support for underrepresented students.
• College Possible: Provides near-peer coaching and college access support for low-income students aiming to enter and complete college. Comparable to the Mahone Foundation's CEO program model of intensive mentoring and college-readiness support for first-generation students.

Broad incumbents

• Boys & Girls Clubs of America: National youth development nonprofit providing after-school programming, mentorship, and college/career readiness. Comparable to the Mahone Foundation on youth development and life-skills programming for underserved youth, though much broader in mission and scale.
• KIPP Foundation: National network of public charter schools focused on college preparation for students from underserved communities. Comparable to the Mahone Foundation on the college-readiness and equity outcomes axis, though operating schools rather than scholarships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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Frequently asked questions about the mahone fund