2025-11-17T15:07:35-06:00 2024-12-31 383635706 REHMANN ROBSON LLC 675 ROBINSON RD JACKSON MI 49203 990 2024-01-01 273157523 MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION MICH 7349044837 407 EAST FORT STREET 205 DETROIT MI 482262958 MARK DAVIDOFF CEO 7349044837 2025-11-17 1 1 LAURA E COSTON CPA P01750862 5177876503 2025-11-13 2024 2025-03-06 01:10:19Z MARK DAVIDOFF 407 EAST FORT STREET 205 DETROIT MI 482262958 353207 0 X WWW.MICHIGANISRAEL.COM X 2010 MI THE MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION ("MIBA") IS A NONPROFIT ORGANIZATION UNDERSECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ESTABLISHED TO PROMOTE COMMERCE AND INDUSTRY BETWEEN ISRAEL AND MICHIGAN. SINCE ESTABLISHMENT, MIBAF HAS WORKED 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 PURSE BUSINESS IN ISRAEL. 19 19 0 19 0 0 232692 309065 186291 3750 17813 40392 0 0 436796 353207 0 0 0 0 0 0 0 0 0 514597 656040 514597 656040 -77801 -302833 1466701 1183354 494451 513937 972250 669417 MIBAF HAS ADOPTED A MISSION TO ADVANCE MICHIGAN'S INNOVATION ECOSYSTEM, ONE ISRAELI CONNECTION AT A TIME. 0 0 571509 3750 DURING 2024, THE MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION (MIBAF) AND ITS AFFILIATED ORGANIZATION, THE MICHIGAN ISRAEL BUSINESS ACCELERATOR (MIBA), SUPPORTED OVER 450 COMPANIES, FACILITATED 280 CONNECTIONS, AND GENERATED $9 MILLION IN COLLABORATIONS. THE ORGANIZATIONS HOSTED FIVE INBOUND DELEGATIONS AND ADVANCED PARTNERSHIPS WITH ECONOMIC DEVELOPMENT ENTITIES IN MICHIGAN AND ISRAEL THROUGH TRADE MISSIONS, BUSINESS CONNECTIONS, AND COMMUNITY ENGAGEMENT EVENTS. AS THE ONLY STATE-SUPPORTED, COUNTRY-SPECIFIC ECONOMIC DEVELOPMENT ORGANIZATION, MIBA CONNECTS MICHIGAN WITH ISRAEL'S INNOVATION ECONOMY, ACCELERATES THE STATE'S INNOVATION PIPELINE, AND, THROUGH THE ELEVATOR - THE ONLY U.S. LANDING HUB FOR ISRAELI COMPANIES - POSITIONS MICHIGAN INDUSTRIES FOR THE FUTURE. 571509 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 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 0 0 0 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 1 1 0 0 0 0 MI X KRISTA SIEFERT 7349044837 407 E FORT STREET SUITE 205 DETROIT MI 48226 MATT ELLIOTT 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 MARK DAVIDOFF DIRECTOR (END DEC 2024) 1.00 1.00 X 0 0 0 SCOTT HIIPAKKA CHIEF EXECUTIVE OFFICER (END JAN 2025) 20.00 20.00 X 0 271200 19401 0 271200 19401 0 0 1 0 0 309065 22587 309065 PROGRAM INCOME 900099 3750 3750 3750 40392 40392 353207 3750 0 40392 650000 571509 78491 BAD DEBT 5800 5800 BANK FEES 240 240 656040 571509 84531 0 173082 452990 1239972 730364 53647 0 1466701 1183354 34200 0 460251 513937 494451 513937 X 899789 669417 72461 0 972250 669417 1466701 1183354 -302833 0 X 0 1 X 0 0 X 1049680 312344 403260 232692 309065 2307041 1049680 312344 403260 232692 309065 2307041 1941264 365777 699 380 761 17813 40392 60045 2367086 3750 0.15450 0.25670 X SINCE 2017, THE MICHIGAN ISRAEL BUSINESS ACCELERATOR (MIBA) AND ITS AFFILIATED MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION (MIBAF) HAVE SERVED AS MICHIGAN'S BRIDGE TO ISRAEL'S INNOVATION ECONOMY, ACCELERATING THE STATE'S INNOVATION PIPELINE AND ADVANCING MICHIGAN INDUSTRIES FOR THE FUTURE. THE ORGANIZATIONS OPERATE WITH FOUR FULL-TIME TEAM MEMBERS, ONE FRACTIONAL CEO, AND ONE CONTRACTED SUBJECT-MATTER EXPERT BASED IN MICHIGAN, ALONG WITH ONE FULL-TIME AND TWO PART-TIME TEAM MEMBERS BASED IN ISRAEL, AND A GOVERNING BOARD OF 19 SENIOR BUSINESS LEADERS REPRESENTING MICHIGAN'S KEY INDUSTRY SECTORS. MIBA AND MIBAF STRENGTHEN MICHIGAN-ISRAEL COLLABORATION THROUGH INBOUND AND OUTBOUND TRADE DELEGATIONS, NETWORKING EVENTS, STRATEGIC VISITS, AND TARGETED BUSINESS MATCHMAKING THAT TOGETHER ADVANCE MUTUALLY BENEFICIAL PARTNERSHIPS AND DRIVE ECONOMIC GROWTH FOR THE STATE. THE ORGANIZATIONS MAINTAIN STRONG PARTNERSHIPS ACROSS MICHIGAN'S ECONOMIC DEVELOPMENT LANDSCAPE, INCLUDING ENTREPRENEURS, INCUBATORS, INVESTORS, HIGHER EDUCATION INSTITUTIONS, ECONOMIC DEVELOPMENT AGENCIES, AND CORPORATE PARTNERS.IN 2024, MIBA AND MIBAF CONNECTED 2,289 INDIVIDUALS FROM MICHIGAN'S BUSINESS ECOSYSTEM AND ISRAEL'S INNOVATION COMMUNITY, DRIVING COLLABORATIONS THAT PRODUCED $9 MILLION IN ECONOMIC ACTIVITY FOR THE STATE. THESE CONNECTIONS STEMMED FROM FIVE INBOUND DELEGATIONS, 22 STRATEGIC VISITS, AND 12 COMMUNITY ENGAGEMENT EVENTS. AS THE ONLY STATE-SUPPORTED, COUNTRY-SPECIFIC ECONOMIC DEVELOPMENT ORGANIZATION IN MICHIGAN, THE ORGANIZATIONS CONNECT MICHIGAN WITH ISRAEL'S INNOVATION ECONOMY, ACCELERATES THE STATE'S INNOVATION PIPELINE, AND, THROUGH THE ELEVATORTHE ONLY U.S. LANDING HUB FOR ISRAELI COMPANIESPOSITIONS MICHIGAN INDUSTRIES FOR THE FUTURE.THROUGH SUPPORT FROM A DIVERSE BASE OF FUNDERS AND DONORS, MIBAF MAINTAINED A PUBLIC SUPPORT PERCENTAGE OF 15% IN 2024 AND CONTINUES TO BROADEN ITS CONTRIBUTOR NETWORK BEYOND ANCHOR FUNDING FROM THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC). TO ENSURE LONG-TERM SUSTAINABILITY, THE ORGANIZATIONS ARE PURSUING NEW FUNDING SOURCES AND STRENGTHENING FUNDRAISING CAPACITY THROUGH ENGAGEMENT WITH A FUND DEVELOPMENT CONSULTING FIRM FOR CORPORATE PARTNERSHIPS AND A GRANT WRITER FOCUSED ON SECURING PHILANTHROPIC SUPPORT FROM MISSION-ALIGNED FOUNDATIONS. IN ADDITION TO THESE EFFORTS, THE BOARD OF DIRECTORS REMAINS FULLY ENGAGED, WITH 100% GIVING PARTICIPATION. SINCE INCEPTION, MIBAF HAS GENERATED MORE THAN $27 MILLION IN ECONOMIC IMPACT FOR MICHIGAN. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PAYABLE TO MICHIGAN ISRAEL BUSINESS ACCELERATOR 513937 513937 X 353207 0 353207 0 353207 656040 0 656040 0 656040 PART X, LINE 2: MIBAF HAS BEEN CLASSIFIED BY THE IRS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC AND HAS ALSO BEEN CLASSIFIED BY THE IRS AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. MIBAF 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. X X 0 0 0 0 0 0 0 0 0 SCOTT HIIPAKKA CHIEF EXECUTIVE OFFICER (END JAN 202 0 245600 0 25000 0 600 0 19401 0 0 0 290601 0 0 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 C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. MICHIGAN ISRAEL BUSINESS ACCELERATOR 407 EAST FORT STREET SUITE 205 DETROIT MI 482262958 261530156 ECONOMIC DEVELOPMENT MI 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 MICHIGAN ISRAEL BUSINESS ACCELERATOR O 303121 FAIR VALUE MICHIGAN ISRAEL BUSINESS ACCELERATOR M 346879 FAIR VALUE