2025-05-15T15:58:38-05:00 2024-06-30 341523030 BOBER MARKEY FEDOROVICH & COMPANY 3421 RIDGEWOOD ROAD SUITE 300 AKRON OH 44333 990 2023-07-01 341455043 MANUFACTURING ADVOCACY & GROWTH NETWORK INC MANU 2165431222 1800 EAST 63RD STREET CLEVELAND OH 44103 DANIEL JACOBY CFO 2165431222 2025-05-15 1 0 JESSICA L TEPUS P01067325 3307629785 2025-05-15 2023 2025-03-06 01:10:19Z MAGNET DANIEL JACOBY 1800 EAST 63RD STREET CLEVELAND OH 44103 20633931 0 X WWW.MANUFACTURINGSUCCESS.ORG X 1984 OH TO SUPPORT, EDUCATE AND CHAMPION MANUFACTURING IN OHIO. 29 29 85 80 0 0 11124167 12894431 6921696 7520740 93179 218760 0 0 18139042 20633931 1442211 0 0 0 7388886 8192190 0 0 216645 10181447 10221038 19012544 18413228 -873502 2220703 20641849 21275293 3299382 1712123 17342467 19563170 OUR MISSION IS TO DRIVE NORTHEAST OHIO MANUFACTURING GROWTH. WE WORK PRIMARILY WITH SMALL- AND MEDIUM-SIZED COMPANIES, WHICH MAKE UP 98% OF THE REGION'S NEARLY 10,000 MANUFACTURERS. 0 0 8038402 3653733 GROWTH SERVICES: MAGNET IS AN ORGANIZATION DEDICATED TO HELPING MANUFACTURERS GROW AND COMPETE IN 24 COUNTIES IN NORTHEAST OHIO. AS PART OF THE OHIO MANUFACTURING EXTENSION PARTNERSHIP (MEP), MAGNET PROVIDES CONSULTING AND ENGINEERING SERVICES TO NE OHIO SMALL AND MID-SIZED MANUFACTURERS. THESE SERVICES INCLUDING PROCESS INNOVATION, AUTOMATION, PRODUCT DESIGN AND DEVELOPMENT, QUALITY MANAGEMENT, COMMERCIALIZATION, SALES & MARKETING, CYBER SECURITY, OPERATIONS AND EMPLOYEE ENGAGEMENT, EMPLOYEE DEVELOPMENT AND RETENTION, TALENT PIPELINE, START-UP SERVICES AND MORE. MAGNET ALSO SUPPORTS, EDUCATES, AND CHAMPIONS NE OHIO MANUFACTURING. 3859182 3113314 WORK FORCE/ECEC: WORK FORCE FACILITATES PROGRAMS BETWEEN STUDENTS/ADULTS AND LOCAL MANUFACTURERS WHO TRAIN THEM IN MANUFACTURING CAREERS AND TECHNICAL CERTIFICATIONS. 568841 167848 NEW VENTURES: OUR GOAL TO ASSIST EARLY-STAGE, PRODUCT-FOCUSED BUSINESSES REACH MARKET ENTRY FASTER WITH REDUCED TECHNICAL RISK. THE NEW VENTURES AT MAGNET OFFERS SUBJECT MATTER EXPERTISE, PARTNERSHIPS AND CONNECTIONS WITH PROFESSIONALS IN NORTHEAST OHIO, ALONG WITH ACCESS TO REGIONAL TECHNICAL ASSETS THAT AN ENTREPRENEUR MAY NEED TO BRING A VISION TO LIFE. 873071 591345 873071 591345 13339496 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 67 0 1 85 1 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X DANIEL JACOBY 2169731769 1800 EAST 63RD STREET CLEVELAND OH 44103 AARON SWARTZ TREASURER 1.00 X X 0 0 0 CAROLEE VANICEK BOARD MEMBER 1.00 X 0 0 0 DAVE JARUS BOARD MEMBER 1.00 X 0 0 0 DOUG LANCE BOARD MEMBER 1.00 X 0 0 0 ED STEELE BOARD MEMBER 1.00 X 0 0 0 ELIE MERHEB BOARD MEMBER 1.00 X 0 0 0 ERIC HILLENBRAND BOARD MEMBER 1.00 X 0 0 0 FELIX BRUECK BOARD MEMBER 1.00 X 0 0 0 JACK SCHRON BOARD MEMBER 1.00 X 0 0 0 JEFFREY SINCLAIR BOARD MEMBER 1.00 X 0 0 0 JOE MAJEWSKI BOARD MEMBER 1.00 X 0 0 0 JOHN BRANDT BOARD MEMBER 1.00 X 0 0 0 KEVIN JOHNSON BOARD MEMBER 1.00 X 0 0 0 LARRY FULTON BOARD MEMBER 1.00 X 0 0 0 MARCIA BALLINGER BOARD MEMBER 1.00 X 0 0 0 MICHAEL CANTY BOARD MEMBER 1.00 X 0 0 0 MICHAEL OAKES BOARD MEMBER 1.00 X 0 0 0 MIKE GARVEY BOARD MEMBER 1.00 X 0 0 0 MIKE LAUBER BOARD MEMBER 1.00 X 0 0 0 PETER BROER BOARD MEMBER 1.00 X 0 0 0 SANJAY SINGH BOARD MEMBER 1.00 X 0 0 0 SCOTT CADE BOARD MEMBER 1.00 X 0 0 0 STEPHANIE ONDERKO BOARD MEMBER 1.00 X 0 0 0 STEPHEN LOVASS BOARD CHAIR 1.00 X X 0 0 0 STEVEN SENKFOR BOARD MEMBER 1.00 X 0 0 0 TIM ROSENGARTEN BOARD MEMBER 1.00 X 0 0 0 TIMOTHY HOLMES BOARD MEMBER 1.00 X 0 0 0 VINOD PURAYATH BOARD MEMBER 1.00 X 0 0 0 WAYNE OSTROSKY BOARD MEMBER 1.00 X 0 0 0 ED KNEITEL SECRETARY 40.00 X 182683 0 13702 ETHAN KARP PRESIDENT & CEO 40.00 X 410279 0 34978 ARAM NERPOUNI MANAGING DIRECTOR OF TALENT 40.00 X 268899 0 31836 MICHAEL O'DONNELL VP OF OPERATIONS 40.00 X 230810 0 24769 BASSAM KHOURY DIRECTOR, OPERATIONS EXCEL 40.00 X 196599 0 28286 JOSEPH VINCIQUERRA SENIOR GROWTH & INNOVATION ADVISOR 40.00 X 147010 0 19458 JOSEPH WORK SENIOR GROWTH & INNOVATION ADVISOR 40.00 X 159403 0 26416 LEAH EPSTEIN VP, ENGAGEMENT 40.00 X 204813 0 22838 MICHAEL PINTZ DIR. OF ENGINEERING SERVICES 40.00 X 149649 0 20203 1950145 0 222486 13 0 1 0 TOWARDS EMPLOYMENT 3301 ST CLAIR AVE NE CLEVELAND OH 44114 WORKFORCE DEVELOPMENT 721775 FREEDOM 2 GO TRANSPORTATION SERVICES 9545 MIDWEST AVE UNIT M GARFIELD HEIGHTS OH 44125 TRANSPORTATION 369782 SOUTH SHORE CONTROLS 9395 PINECONE DR MENTOR OH 44060 ENGINEERING 249710 PC INDUSTRIAL CONTROLS INC 37500 N INDUSTRIAL PKWY WILLOUGHBY OH 44094 ENGINEERING 244190 HEXAGON MANUFACTURING INTELLIGENCE 250 CIRCUIT DRIVE NORTH KINGSTOWN RI 02852 ENGINEERING 168790 13 8664713 4229718 12894431 INDUSTRIAL REVENUE 541900 3575334 3575334 TALENT 541900 3113314 3113314 OTHER REVENUE 532000 717049 717049 RENTAL REVENUE 900099 115043 115043 7520740 213260 213260 5500 0 5500 5500 5500 20633931 7526240 0 213260 X 1203023 950388 240605 12030 4724701 3482995 1157564 84142 1781853 1322613 431661 27579 482613 360949 113834 7830 81224 74439 6785 46611 42717 3894 3980124 3647640 332484 380167 356665 23502 57586 10523 47063 743152 743152 2030298 1764343 265955 165620 165620 459471 459471 80906 80906 MATERIALS AND EQUIPMENT 1608860 1260223 348637 MISCELLANEOUS 278478 64465 128949 85064 REPAIRS AND MAINTENANCE 179850 92 179758 UTILITIES 96868 96868 31823 1444 30379 18413228 13339496 4857087 216645 3714 864307 402229 2129229 2154322 769571 14196516 13928683 187729 115832 5726304 2391681 3564708 3334623 132631 133048 20641849 21275293 1684903 1231057 59887 0 1554592 481066 3299382 1712123 X 17016080 19304267 326387 258903 17342467 19563170 20641849 21275293 2220703 0 X X 0 1 X 1 1 1 X 9557731 8633956 9914507 11124167 13622431 52852792 9557731 8633956 9914507 11124167 13622431 52852792 1281700 51571092 52852792 0.97570 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80064 80064 19322862 19402926 1000000 250000 0 0 727961 907857 1000000 1000000 3635818 5453727 50000 55000 60250 80064 245314 181990 226964 25000 250000 683954 1025931 705103 31639 673464 5021201 2360042 2661159 3334623 X 20181418 0 20181418 452513 452513 20633931 18413228 0 18413228 0 18413228 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THE INCOME TAXES TOPIC OF THE FASB ASC, THE ORGANIZATION IS REQUIRED TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS TAKEN, ASSESS AND QUANTIFY THOSE POSITIONS AND RECORD RESERVES. AS OF AND FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, THE ORGANIZATION IDENTIFIED NO UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FACILITIES DONATED TO SUPPORTING ORG - MAGNET QALICB INC. PART X, LINE 2 THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THE INCOME TAXES TOPIC OF THE FASB ASC, THE ORGANIZATION IS REQUIRED TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS TAKEN, ASSESS AND QUANTIFY THOSE POSITIONS AND RECORD RESERVES. AS OF AND FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, THE ORGANIZATION IDENTIFIED NO UNCERTAIN TAX POSITIONS. X 0 0 0 0 0 0 0 0 0 ETHAN KARP PRESIDENT & CEO 410279 0 0 0 0 0 16500 0 18478 0 445257 0 0 0 ARAM NERPOUNI MANAGING DIRECTOR OF TALENT 263899 0 5000 0 0 0 13358 0 18478 0 300735 0 0 0 MICHAEL O'DONNELL VP OF OPERATIONS 223310 0 7500 0 0 0 11108 0 13661 0 255579 0 0 0 LEAH EPSTEIN VP, ENGAGEMENT 189813 0 15000 0 0 0 9825 0 13013 0 227651 0 0 0 BASSAM KHOURY DIRECTOR, OPERATIONS EXCEL 190599 0 6000 0 0 0 9808 0 18478 0 224885 0 0 0 ED KNEITEL SECRETARY 167683 0 15000 0 0 0 7569 0 6133 0 196385 0 0 0 JOSEPH WORK SENIOR GROWTH & INNOVATION ADVISOR 159403 0 0 0 0 0 7938 0 18478 0 185819 0 0 0 MICHAEL PINTZ DIR. OF ENGINEERING SERVICES 149649 0 0 0 0 0 6542 0 13661 0 169852 0 0 0 JOSEPH VINCIQUERRA SENIOR GROWTH & INNOVATION ADVISOR 147010 0 0 0 0 0 7659 0 11799 0 166468 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM FROM INFORMATION PROVIDED BY MANAGEMENT. MANAGEMENT REVIEWS A PRELIMINARY COPY WITH THE FINANCE COMMITTEE. FINAL COPIES ARE PROVIDED TO BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD SIGNS A CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD ANALYZES THE ANNUAL PERFORMANCE REVIEWS AND COMPARES COMPENSATION FOR SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS TO DETERMINE COMPENSATION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 CURRENT GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICE, PROJECTS: PROGRAM SERVICE EXPENSES 3,647,640. MANAGEMENT AND GENERAL EXPENSES 332,484. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,980,124. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE PROCESS FROM THE PRIOR YEAR. MAGNET QALICB INC 1800 EAST 63RD STREET CLEVELAND OH 44103 882834792 SUPPORTING ORG OH 501(C)(3) LINE 12A, I 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 MAGNET QALICB INC Q 452513 CASH MAGNET QALICB INC K 728000 CASH