2025-11-17T14:57:08-06:00 2024-12-31 383635706 REHMANN ROBSON LLC 675 ROBINSON RD JACKSON MI 49203 990 2024-01-01 261530156 MICHIGAN ISRAEL BUSINESS ACCELERATOR MICH 2487051996 407 EAST FORT STREET 205 DETROIT MI 48226 MARK DAVIDOFF CEO 2487051996 2025-11-17 1 1 LAURA E COSTON CPA P01750862 5177876503 2025-11-12 2024 2025-03-06 01:10:19Z MARK DAVIDOFF 407 EAST FORT STREET 205 DETROIT MI 48226 1550000 0 X WWW.MICHIGANISRAEL.COM X 2007 MI ACCELERATING MICHIGAN'S ECONOMIC GROWTH, ONE ISRAELI INNOVATION AT A TIME. 19 19 6 19 0 0 624400 900000 0 0 0 0 510978 650000 1135378 1550000 15000 0 0 0 397226 608461 0 0 0 510418 702628 922644 1311089 212734 238911 1178718 1357878 90688 30937 1088030 1326941 X ACCELERATING MICHIGAN'S ECONOMIC GROWTH, ONE ISRAELI INNOVATION AT A TIME. 1 0 IN 2024, MIBA HOSTED 8 TRADE MISSIONS AND 22 STRATEGIC VISITS AND EVENTS BETWEEN MICHIGAN AND ISRAEL, CONNECTING 2,289 BUSINESS LEADERS. THESE ENGAGEMENTS LED TO COLLABORATIONS GENERATING $8.9M IN ECONOMIC ACTIVITY, INCLUDING 1 IMPORT OPPORTUNITY, 1 GRANT-FUNDED PILOT, 2 DIRECT INVESTMENTS, 3 PARTICIPATIONS IN DEVELOPMENT PROGRAMS, AND 4 COMPANY EXPANSIONS. BUILDING ON THIS IMPACT, MIBA HOSTED 12 SECTOR-SPECIFIC EVENTS THROUGHOUT 2024, SPOTLIGHTING ISRAELI INNOVATION IN HEALTH TECH, MOBILITY, SUSTAINABILITY, AND AI.THESE EVENTS FEATURED:* 36 ISRAELI COMPANIES* 34 EXPERT SPEAKERS* OVER 650 TOTAL ATTENDEES (IN-PERSON AND VIRTUAL)* MULTIPLE PARTNER ORGANIZATIONS, INCLUDING MICHBIO, TECHNION, REICHMAN UNIVERSITY, OAKLAND UNIVERSITY, HADASSAH MEDICAL CENTER, BIRD FOUNDATION, AND MORE.* MIBA YOUTUBE ENGAGEMENT WITH SELECT EVENT RECORDINGS REACHING A COMBINED 247 VIEWS AS OF OCTOBER 8, 2024.THESE GATHERINGS FOSTERED CONNECTIONS BETWEEN MICHIGAN'S BUSINESS, ACADEMIC, AND CIVIC COMMUNITIES AND ISRAEL'S CUTTING-EDGE TECH ECOSYSTEMSTRENGTHENING BILATERAL TIES AND DIRECTLY CONTRIBUTING TO THE $8.9 MILLION IN ECONOMIC ACTIVITY GENERATED THROUGH THE COLLABORATIONS OUTLINED ABOVE. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 8 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 0 0 MI X KRISTA SIEFERT 7349044837 407 E FORT STREET SUITE 205 DETROIT MI 48226 MARK DAVIDOFF DIRECTOR 1.00 1.00 X 0 0 0 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 MIKE DERGIS DIRECTOR 1.00 1.00 X 0 0 0 BETH GOTTHELF DIRECTOR 1.00 1.00 X 0 0 0 HOWARD HANDLER DIRECTOR 1.00 1.00 X 0 0 0 BETH HILL DIRECTOR 1.00 1.00 X 0 0 0 SHIMON G LEVY 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 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 (END JAN 2025) 20.00 20.00 X 271200 0 19401 BERNARD BOURGEOIS DIRECTOR OF BUSINESS DEV. 40.00 X 118508 0 19571 389708 0 38972 2 0 1 0 SK REBAR CAPITAL LTD 30 W 26TH STREET SIXTH FLOOR NEW YORK NY 10010 BUSINESS DEVELOPMENT 105154 1 900000 900000 MANAGEMENT FEES 900099 650000 650000 650000 1550000 650000 0 0 X 290601 258004 20596 39260 229124 108880 12431 14416 77856 30965 34415 56529 8408 MISSION AND DELEGATION 119830 OTHER 9774 1311089 385267 799831 176269 26193 2700 84613 61833 79309 22780 511680 532567 1178718 1357878 46864 19280 43824 11657 90688 30937 X 1088030 1326941 1088030 1326941 1178718 1357878 238911 0 X X 0 1 X 1 0 66037 47398 18639 18576 14435 4141 22780 RECEIVABLE FROM MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION 513937 SECURITY DEPOSITS 7605 RIGHT-OF-USE ASSETS UNDER OPERATING LEASES 11025 532567 OPERATING LEASE LIABILITIES 11657 11657 X 1550000 0 1550000 0 1550000 1311089 0 1311089 0 1311089 PART X, LINE 2: MIBA HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE ("IRS") AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE ("IRC"). MIBA EVALUATES UNCERTAIN INCOME TAX POSITIONS WHICH WOULD IMPACT THEIR NONTAXABLE STATUS OR RESULT IN UNRELATED BUSINESS INCOME TAX, AND BELIEVE THERE ARE NO UNCERTAIN INCOME TAX POSITIONS OF SIGNIFICANCE THAT ARE REQUIRED TO BE RECORDED OR DISCLOSED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT ANALYZED THE ORGANIZATIONS' INCOME TAX FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE THEY ARE REQUIRED TO FILE INCOME TAX RETURNS, FOR ALL OPEN TAX YEARS IN THESE JURISDICTIONS, TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS. MANAGEMENT HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE ORGANIZATIONS' CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO FISCAL 2021. 1 ISRAEL 0 3 TEAM MEMBERS TO IMPLEMENT PROGRAM SERVICES, BUSINESS DEVELOPMENT SUPPORTED TRADE MISSIONS, EVENTS, AND MARKET EXPANSION INITIATIVES 168833 ISRAEL 0 3 BUSINESS DEVELOPMENT MICHIGAN MOBILITY BOOTH AT ECOMOTION CONFERENCE 29444 0 6 0 0 0 6 198277 0 198277 0 0 0 0 0 0 PART I, LINE 2: MIBA MAINTAINS DOCUMENTATION THAT SUBSTANTIATES THE PURPOSE AND CONDITIONS OF EACH GRANT AWARDED, INCLUDING ANY RESTRICTIONS, PROGRESS REPORT REQUIREMENTS, AND PUBLIC RELATIONS PROTOCOLS. X X 0 0 0 SCOTT HIIPAKKA CHIEF EXECUTIVE OFFICER (END JAN 202 245600 0 25000 0 600 0 19401 0 0 0 290601 0 0 0 FORM 990, PART III, LINE 2 IN 2024, DUE TO THE CONFLICT IN ISRAEL, MIBA SHIFTED ITS FOCUS FROM LEADING OUTBOUND DELEGATIONS OF MICHIGAN BUSINESS LEADERS TO ISRAEL, TO INSTEAD HOSTING ISRAELI STARTUPS AND COMPANIES IN MICHIGAN THROUGH INBOUND DELEGATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE INCLUDED IN THE BOARD PACKET AND SHARED WITH BOARD MEMBERS FOR REVIEW PRIOR TO THE BOARD MEETING, DURING WHICH THE RESULTS WILL BE DISCUSSED. FORM 990, PART VI, SECTION B, LINE 12 ALL BOARD OF DIRECTORS MUST ANNUALLY SIGN A STATEMENT AFFIRMING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. COMPLIANCE IS MONITORED THROUGH ANNUAL DISCLOSURES, AND ANY CONFLICTS ARE REVIEWED AND ADDRESSED BY THE BOARD OR A DESIGNATED COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE BOARD COMMITTEE REVIEWS AND DISCUSSES THE COMPENSATION OF THE CEO. THE PROCESS INCLUDES CONSIDERATION OF COMPARABILITY DATA AND IS CONDUCTED BY INDIVIDUALS WITHOUT A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTUAL SERVICES 229,124. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AND OVERSEEING THE INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR. MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION 407 EAST FORT STREET SUITE 205 DETROIT MI 48226 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 ACCELERATOR FOUNDATION O 303121 FAIR VALUE MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION N 346879 FAIR VALUE