2024-09-03T09:38:31-05:00 2023-12-31 382029668 GJC CPA'S & ADVISORS 1001 WOODWARD AVENUE SUITE 850 DETROIT MI 482261904 990 2023-01-01 261530156 MICHIGAN ISRAEL BUSINESS ACCELERATOR MICH 2483034618 407 EAST FORT STREET 205 DETROIT MI 482262958 SCOTT HIIPAKKA CHIEF EXECUTIVE OFFICER 2483034618 2024-09-03 1 1 MICHAEL R NICHOLAS P00966144 3139652655 2023 2024-08-08 14:25:15Z SCOTT HIIPAKKA 407 EAST FORT STREET 205 DETROIT MI 482262958 1135378 0 X WWW.MICHIGANISRAEL.COM X 2007 MI THE MICHIGAN ISRAEL BUSINESS ACCELERATOR ("MIBA") IS A NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE ESTABLISHED TO PROMOTE COMMERCE AND INDUSTRY BETWEEN ISRAEL AND MICHIGAN. MIBA WORKS TO ATTRACT HIGH-GROWTH ISRAELI TECHNOLOGY COMPANIES FROM ISRAEL TO PURSUE BUSINESS EXPANSION OPPORTUNITIES IN MICHIGAN, AS WELL AS TO EDUCATE AND ATTRACT MICHIGAN HIGH-GROWTH TECHNOLOGY COMPANIES TO PURSUE BUSINESS IN ISRAEL. 17 17 5 4 0 0 450000 624400 0 0 0 0 401623 510978 851623 1135378 0 15000 0 0 436090 397226 0 0 0 339318 510418 775408 922644 76215 212734 919155 1178718 43859 90688 875296 1088030 MIBA HAS ADOPTED A MISSION TO ADVANCE MICHIGAN'S INNOVATION ECOSYSTEM, ONE ISRAELI CONNECTION AT A TIME. 0 0 DURING 2023, MIBA AND ITS AFFILIATED ORGANIZATION, THE MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION ("MIBAF"), SUPPORTED OVER 400 COMPANIES, FOSTERING 287 CONNECTS, 1,215 CONNECTIONS, AND 21 SUCCESSFUL COLLABORATIONS. MIBA AND MIBAF CONTINUED ADVANCING WORKING RELATIONSHIPS WITH ECONOMIC DEVELOPMENT ENTITIES ACROSS THE STATE OF MICHIGAN AND IN ISRAEL THROUGH BUSINESS CONNECTIONS, TRADE MISSIONS, AND MULTIPLE VIRTUAL AND IN-PERSON COMMUNITY ENGAGEMENT EVENTS DESIGNED TO PROMOTE A BETTER UNDERSTANDING OF THE BUSINESS OPPORTUNITIES BETWEEN MICHIGAN AND ISRAEL. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 1 1 0 1 7 0 1 5 1 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X SCOTT HIIPAKKA 2483034618 407 EAST FORT STREET SUITE 205 DETROIT MI 482262958 MATT ELLIOT CHAIR 1.00 1.00 X X 0 0 0 JAMES MEEKS TREASURER 1.00 1.00 X X 0 0 0 REGINE BEAUBOEUF SECRETARY 1.00 1.00 X X 0 0 0 GAHL BERKOOZ DIRECTOR 1.00 1.00 X 0 0 0 MARC BLECKMAN DIRECTOR 1.00 1.00 X 0 0 0 BETH CHAPPELL DIRECTOR 1.00 1.00 X 0 0 0 BRAD COMMENT DIRECTOR 1.00 1.00 X 0 0 0 MARK DAVIDOFF DIRECTOR 2.50 2.50 X 0 0 0 MIKE DERGIS DIRECTOR 1.50 1.50 X 0 0 0 BETH GOTTHELF DIRECTOR 1.00 1.00 X 0 0 0 QUENTIN L MESSER JR DIRECTOR 1.00 1.00 X 0 0 0 LISA PRASAD DIRECTOR 1.00 1.00 X 0 0 0 JUSTIN ROBINSON DIRECTOR 1.00 1.00 X 0 0 0 ALYSSA TRACEY DIRECTOR 1.00 1.00 X 0 0 0 HOWARD UNGERLEIDER DIRECTOR 1.00 1.00 X 0 0 0 EVAN WEINER DIRECTOR 1.00 1.00 X 0 0 0 LAWRENCE WOLFE DIRECTOR 1.00 1.00 X 0 0 0 SCOTT HIIPAKKA CHIEF EXECUTIVE OFFICER 20.00 20.00 X 117341 0 0 117341 0 0 1 0 0 0 0 624400 624400 MANAGEMENT FEES 900099 510978 510978 510978 1135378 510978 0 0 X 15000 117341 243710 7175 29000 168542 42034 6741 12569 36806 22813 3215 5304 7243 MISSION AND DELEGATION 173121 SUPPLIES AND EQUIPMENT 16614 15416 922644 665571 385267 176269 3338 26193 84613 5304 0 79309 250246 511680 919155 1178718 43859 46864 0 43824 43859 90688 X 875296 1088030 875296 1088030 919155 1178718 212734 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 66037 3756 62281 18576 1548 17028 79309 RECEIVABLE FROM MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION 460251 SECURITY DEPOSITS 7605 RIGHT-OF-USE ASSETS UNDER OPERATING LEASES 43824 511680 OPERATING LEASE LIABILITIES 43824 43824 X 1135378 0 1135378 0 1135378 922644 0 922644 0 922644 PART X, LINE 2: THE ORGANIZATIONS' [MIBA AND MIBAF] MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2023. 1 AMERICAN FRIENDS OF MAGEN DAVID ADOM 20 WEST 36TH STREET SUITE 1100 NEW YORK NY 100189784 131790719 501(C)(3) 15000 0 N/A N/A PROVIDE ASSISTANCE TO RESIDENTS OF ISRAEL AFFECTED BY TERRORIST ATTACKS 1 0 PART I, LINE 2: THE AMERICAN FRIENDS OF MAGEN DAVID ADOM IS AN ORGANIZATION EQUIVALENT TO THE AMERICAN RED CROSS. THIS ORGANIZATION PROVIDES EMERGENCY MEDICAL, DISASTER, AMBULANCE, AND BLOOD BANK SERVICES. MIBA DID NOT CONDUCT SPECIFIC MONITORING ON HOW THE FUNDS WERE USED POST-DONATION; RATHER, MIBA THOROUGHLY VETTED THE ORGANIZATION AND ITS MISSION BEFORE THE FUNDS WERE ALLOCATED. BY SUPPORTING SUCH A REPUTABLE AND IMPACTFUL ORGANIZATION, MIBA IS CONFIDENT THAT THE DONATION WAS USED EFFECTIVELY TO SUPPORT THE RECIPIENT ORGANIZATION'S VITAL OPERATIONS AND INITIATIVES DURING THE ATTACKS THAT TOOK PLACE. FORM 990, PART VI, SECTION A, LINE 6 MIBA IS ORGANIZED ON A NONSTOCK, MEMBERSHIP BASIS. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED BY THE AFFIRMATIVE VOTE OF THE MEMBERS AT THEIR ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE CHAIR AND THE CHIEF EXECUTIVE OFFICER REVIEW A DRAFT COPY OF FORM 990, AND A COPY OF THE DRAFT FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL BOARD AND STAFF MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY ASSOCIATED OR FINANCIAL ASSOCIATIONS OF CONFLICTS. NO BOARD MEMBER, COMMITTEE MEMBER, OR STAFF SHALL USE HIS OR HER POSITION, OR KNOWLEDGE GAINED THEREIN, IN SUCH A MANNER THAT A CONFLICT BETWEEN THE INTEREST OF THE ORGANIZATION OR ANY OF ITS AFFILIATES AND HIS OR HER PERSONAL INTEREST ARISES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD DETERMINES COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER BASED ON A COMBINATION OF MARKET RATES FOR COMPARABLE POSITIONS AND WHAT THE ORGANIZATION CAN SUPPORT FINANCIALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTUAL SERVICES 168,542. MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION 407 EAST FORT STREET SUITE 205 DETROIT MI 482262958 273157523 PROVIDE PROGRAMS THROUGHOUT MICHIGAN TO ADVANCE PARTNERSHIPS WITH ISRAEL MI 501(C)(3) LINE 7 N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 MICHIGAN ISRAEL BUSINESS ACELERATOR FOUNDATION N 135409 FAIR VALUE MICHIGAN ISRAEL BUSINESS ACELERATOR FOUNDATION O 375569 FAIR VALUE