2024-05-15T14:32:07-05:00 2023-06-30 341523030 BOBER MARKEY FEDOROVICH & COMPANY 3421 RIDGEWOOD ROAD SUITE 300 AKRON OH 44333 990 2022-07-01 341455043 MANUFACTURING ADVOCACY & GROWTH NETWORK INC MANU 2166300500 1800 EAST 63RD STREET CLEVELAND OH 44103 KATIE MAYER DIRECTOR OF FINANCE 2166300500 2024-05-15 1 KATIE MAYER 999009999 0 JESSICA L TEPUS P01067325 3307629785 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MAGNET ED KNEITEL 1800 EAST 63RD STREET CLEVELAND OH 44103 18139042 0 X WWW.MANUFACTURINGSUCCESS.ORG X 1984 OH TO SUPPORT, EDUCATE AND CHAMPION MANUFACTURING IN OHIO. 23 23 85 23 0 0 19506750 11124167 4662716 6921696 0 93179 0 0 24169466 18139042 0 1442211 0 0 6982678 7388886 0 0 212991 8174460 10181447 15157138 19012544 9012328 -873502 22665805 20641849 4449836 3299382 18215969 17342467 X TO HELP MANUFACTURERS GROW AND COMPETE IN NORTHEAST OHIO, ESPECIALLY THE 98% OF STARTUP TO MEDIUM-SIZED MANUFACTURERS THAT DRIVE OUR ECONOMY. MAGNET ROLLS UP ITS SLEEVES TO PROVIDE HANDS-ON SUPPORT RANGING FROM NEW PRODUCT DESIGN TO OPERATIONS AND BRINGS EDUCATION AND BUSINESS TOGETHER TO CREATE TOMORROW'S MANUFACTURERS. 0 0 8821562 1442211 3178073 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. 3448012 3204308 TALENT (WORKFORCE/ECEC): WORK FORCE FACILITATES PROGRAMS BETWEEN STUDENTS/ADULTS AND LOCAL MANUFACTURERS WHO TRAIN THEM IN MANUFACTURING CAREERS AND TECHNICAL CERTIFICATIONS. 645606 231299 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. INCUBATOR SERVICES INCLUDE THE AVAILABILITY OF HIGH QUALITY, SECURED OFFICE, MANUFACTURING, AND LAB SPACE AS WELL AS THE USE OF SHARED BUSINESS EQUIPMENT AND CONFERENCE ROOM WITH VERY COMPETITIVE LEASE TERMS. 1542182 308017 1542182 308017 14457362 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 75 0 1 85 1 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X ED KNEITEL 2164325333 1800 EAST 63RD STREET CLEVELAND OH 44103 STEPHEN LOVASS BOARD CHAIR 1.00 0.00 X X 0 0 0 AARON SWARTZ TREASURER 1.00 0.00 X X 0 0 0 AARON SWARTZ BOARD MEMBER 1.00 0.00 X 0 0 0 CAROLEE VANICEK BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID JARUS BOARD MEMBER 1.00 0.00 X 0 0 0 DOUG LANCE BOARD MEMBER 1.00 0.00 X 0 0 0 ED STEELE BOARD MEMBER 1.00 0.00 X 0 0 0 ELIE MERHEB BOARD MEMBER 1.00 0.00 X 0 0 0 ERIC HILLENBRAND BOARD MEMBER 1.00 0.00 X 0 0 0 FELIX M BRUECK BOARD MEMBER 1.00 0.00 X 0 0 0 JACK H SCHRON BOARD MEMBER 1.00 0.00 X 0 0 0 JEFFREY SINCLAIR BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN R BRANDT BOARD MEMBER 1.00 0.00 X 0 0 0 KEVIN JOHNSON BOARD MEMBER 1.00 0.00 X 0 0 0 LARRY FULTON BOARD MEMBER 1.00 0.00 X 0 0 0 MARCIA BALLINGER BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL CANTY BOARD MEMBER 1.00 0.00 X 0 0 0 MIKE GARVEY BOARD MEMBER 1.00 0.00 X 0 0 0 PETER BROER BOARD MEMBER 1.00 0.00 X 0 0 0 SANJAY SINGH BOARD MEMBER 1.00 0.00 X 0 0 0 SCOTT CADE BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHEN LOVASS BOARD MEMBER 1.00 0.00 X 0 0 0 STEVEN SENKFOR BOARD MEMBER 1.00 0.00 X 0 0 0 TIM ROSENGARTEN BOARD MEMBER 1.00 0.00 X 0 0 0 TIMOTHY HOLMES BOARD MEMBER 1.00 0.00 X 0 0 0 ETHAN KARP PRESIDENT & CEO 40.00 0.00 X 441912 0 27427 ED KNEITEL DIRECTOR OF FINANCE 40.00 0.00 X 123324 0 6688 MICHAEL O'DONNELL VP OF OPERATIONS 40.00 0.00 X 221512 0 23362 BRANDON CORNUKE VP OF STRATEGY & INNOVATION 40.00 0.00 X 179534 0 18318 ARAM NERPOUNI MANAGING DIRECTOR OF TALENT 40.00 0.00 X 150328 0 1083 BASSAM KHOURY DIRECTOR, OPERATIONS EXCEL 40.00 0.00 X 184925 0 25884 LEAH EPSTEIN VP, ENGAGEMENT 40.00 0.00 X 175118 0 25405 JOSEPH WORK SENIOR GROWTH & INNOVATION ADVISOR 40.00 0.00 X 163154 0 24443 MICHAEL PINTZ DIR. OF ENGINEERING SERVICES 40.00 0.00 X 157173 0 18157 JOSEPH VINCIQUERRA SENIOR GROWTH & INNOVATION ADVISOR 40.00 0.00 X 150418 0 13145 1947398 0 183912 17 0 1 0 THE KRILL CO INC 1275 MAIN AVE CLEVELAND OH 44113 CONSTRUCTION OF NEW MAGNET HEADQUARTERS 1063280 TOWARDS EMPLOYMENT 3301 SAINT CLAIR AVE CLEVELAND OH 44114 WORKFORCE DEVELOPMENT 422294 FREEDOM 2 GO TRANSPORTATION SERVCIES 9545 MIDWEST AVE UNIT M GARFIELD HEIGHTS OH 44125 TRANSPORTATION 382108 SOUTH SHORE CONTROLS 9395 PINECONE DR MENTOR OH 44060 ENGINEERING 191515 YOUNGSTOWN BUS INCUBATOR 241 W FEDERAL STREET YOUNGSTOWN OH 44503 ENTREPRENEURIAL SERVICES 188413 17 1745812 8222253 1156102 11124167 TALENT 541900 3186309 3186309 INDUSTRIAL REVENUE 541900 2971672 2971672 OTHER REVENUE 532000 667156 667156 RENTAL REVENUE 900099 96559 96559 6921696 93179 93179 18139042 6921696 0 93179 X 1442211 1442211 1205666 952167 239620 13879 4272779 3531911 642870 97998 1256837 1020213 209108 27516 653604 534971 105285 13348 79177 73544 5633 32778 30446 2332 3120861 2898839 222022 336407 327413 8994 151219 46039 105180 517031 517031 2171298 2016987 154311 366136 366136 452016 452016 75177 75177 MATERIALS AND EQUIPMENT 1689054 1422794 266260 MOVING EXPENSES 525741 525741 MISCELLANEOUS 388985 159827 168908 60250 REPAIRS AND MAINTENANCE 117612 117612 157955 157955 19012544 14457362 4342191 212991 3714 3714 2381275 402229 4149592 2154322 5023997 14196516 282788 187729 5541821 1977113 10756267 3564708 68172 132631 22665805 20641849 2226036 1684903 14433 59887 2209367 1554592 4449836 3299382 X 15292886 17016080 2923083 326387 18215969 17342467 22665805 20641849 -873502 0 X X 0 1 X 1 1 1 X 8304641 9557731 8633956 9914507 11124167 47535002 8304641 9557731 8633956 9914507 11124167 47535002 1294410 46240592 32 32 47535034 0.97280 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60250 60250 16984342 17044592 1000000 250000 0 0 1000000 727961 907857 1000000 3635818 5453727 120000 50000 55000 60250 285250 250000 181990 226964 250000 908954 1363431 705103 13560 691543 4836718 1963553 2873165 3564708 X 18653900 514858 514858 18139042 0 18139042 18085191 514858 514858 17570333 1442211 1442211 19012544 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 XII, 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, 2023 AND 2022, THE ORGANIZATION IDENTIFIED NO UNCERTAIN TAX POSITIONS. 1 MAGNET QALICB INC 1800 EAST 63RD STREET CLEVELAND OH 44103 882834792 501(C)(3) 0 1442211 BOOK LAND AND BUILDING FUNDED SUPPORTING ORG 1 0 X 0 0 0 0 0 0 0 0 0 ETHAN KARP PRESIDENT & CEO 391912 0 50000 0 0 0 11067 0 16360 0 469339 0 0 0 MICHAEL O'DONNELL VP OF OPERATIONS 206512 0 15000 0 0 0 11358 0 12004 0 244874 0 0 0 BASSAM KHOURY DIRECTOR, OPERATIONS EXCEL 176285 0 8640 0 0 0 9524 0 16360 0 210809 0 0 0 LEAH EPSTEIN VP, ENGAGEMENT 162118 0 13000 0 0 0 9045 0 16360 0 200523 0 0 0 BRANDON CORNUKE VP OF STRATEGY & INNOVATION 179534 0 0 0 0 0 8902 0 9416 0 197852 0 0 0 JOSEPH WORK SENIOR GROWTH & INNOVATION ADVISOR 153154 0 10000 0 0 0 8083 0 16360 0 187597 0 0 0 MICHAEL PINTZ DIR. OF ENGINEERING SERVICES 147173 0 10000 0 0 0 6153 0 12004 0 175330 0 0 0 JOSEPH VINCIQUERRA SENIOR GROWTH & INNOVATION ADVISOR 143458 0 6960 0 0 0 7676 0 5469 0 163563 0 0 0 ARAM NERPOUNI MANAGING DIRECTOR OF TALENT 150328 0 0 0 0 0 1083 0 0 0 151411 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 2,898,839. MANAGEMENT AND GENERAL EXPENSES 222,022. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,120,861. 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 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 MAGNET QALICB INC B 1442211 LAND AND BUILDING - BOOK VALUE MAGNET QALICB INC C 1745812 CASH MAGNET QALICB INC K 485333 CASH