Nonprofit · EIN 26-1530156
MICHIGAN ISRAEL BUSINESS ACCELERATOR
Tax-exempt · DETROIT, MI 48226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,550,000 | $1,311,089 | $238,911 | $1,357,878 | $30,937 | $1,326,941 |
| December 31, 2023 | 990 | $1,135,378 | $922,644 | $212,734 | $1,178,718 | $90,688 | $1,088,030 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $900,000
- of which government grants
- $900,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $650,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $290,601
- Other salaries and wages
- $258,004
- Salaries, compensation and benefits (total)
- $608,461
- Professional fundraising fees
- $0
- Occupancy
- $77,856
- Travel
- $30,965
- Depreciation
- $56,529
Balance sheet and other
- Total assets, start of year
- $1,178,718
- Total assets, end of year
- $1,357,878
- Total liabilities, end of year
- $30,937
- Net assets, end of year
- $1,326,941
- Land, buildings and equipment
- $22,780
- Net assets without donor restrictions
- $1,326,941
- Gross receipts
- $1,550,000
- Employees
- 6
- Volunteers
- 19
- Year formed
- 2007
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT HIIPAKKA | CHIEF EXECUTIVE OFFICER (END JAN 2025) Officer | 20 | $271,200 | $19,401 |
| BERNARD BOURGEOIS | DIRECTOR OF BUSINESS DEV. Highest-paid employee | 40 | $118,508 | $19,571 |
| MARK DAVIDOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT ELLIOT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JAMES MEEKS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| REGINE BEAUBOEUF | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GAHL BERKOOZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARC BLECKMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH CHAPPELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD COMMENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE DERGIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH GOTTHELF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOWARD HANDLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHIMON G LEVY | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| QUENTIN L MESSER JR | DIRECTOR Trustee or director | 1 | $0 |
| LISA PRASAD | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN ROBINSON | DIRECTOR Trustee or director | 1 | $0 |
| ALYSSA TRACEY | DIRECTOR Trustee or director | 1 | $0 |
| EVAN WEINER | DIRECTOR Trustee or director | 1 | $0 |
| LAWRENCE WOLFE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT HIIPAKKA | CHIEF EXECUTIVE OFFICER Officer | 20 | $117,341 |
| MATT ELLIOT | CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES MEEKS | TREASURER Trustee or director, Officer | 1 | $0 |
| REGINE BEAUBOEUF | SECRETARY Trustee or director, Officer | 1 | $0 |
| GAHL BERKOOZ | DIRECTOR Trustee or director | 1 | $0 |
| MARC BLECKMAN | DIRECTOR Trustee or director | 1 | $0 |
| BETH CHAPPELL | DIRECTOR Trustee or director | 1 | $0 |
| BRAD COMMENT | DIRECTOR Trustee or director | 1 | $0 |
| MARK DAVIDOFF | DIRECTOR Trustee or director | 2.5 | $0 |
| MIKE DERGIS | DIRECTOR Trustee or director | 1.5 | $0 |
| BETH GOTTHELF | DIRECTOR Trustee or director | 1 | $0 |
| QUENTIN L MESSER JR | DIRECTOR Trustee or director | 1 | $0 |
| LISA PRASAD | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN ROBINSON | DIRECTOR Trustee or director | 1 | $0 |
| ALYSSA TRACEY | DIRECTOR Trustee or director | 1 | $0 |
| HOWARD UNGERLEIDER | DIRECTOR Trustee or director | 1 | $0 |
| EVAN WEINER | DIRECTOR Trustee or director | 1 | $0 |
| LAWRENCE WOLFE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 407 EAST FORT STREET, DETROIT, MI 48226-2940
- In care of
- % SCOTT HIIPPAKKA
- Principal officer (990 for 2024)
- MARK DAVIDOFF, 407 EAST FORT STREET 205, DETROIT, MI 48226
- Signed the 990
- MARK DAVIDOFF, CEO
- Phone
- (248) 705-1996
- Website
- WWW.MICHIGANISRAEL.COM
- Return prepared by
- REHMANN ROBSON LLC
Mission
ACCELERATING MICHIGAN'S ECONOMIC GROWTH, ONE ISRAELI INNOVATION AT A TIME.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1530156
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,357,878
- Income (IRS master file)
- $1,550,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,550,000 | $1,311,089 | $1,357,878 | XML |
| 990 | December 2023 | $1,135,378 | $922,644 | $1,178,718 | XML |
| 990 | December 2022 | $851,623 | $775,408 | $919,155 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1530156).
Questions about MICHIGAN ISRAEL BUSINESS ACCELERATOR
- What is the EIN of MICHIGAN ISRAEL BUSINESS ACCELERATOR?
- The employer identification number (EIN) of MICHIGAN ISRAEL BUSINESS ACCELERATOR is 26-1530156.
- Is MICHIGAN ISRAEL BUSINESS ACCELERATOR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2009.
- Are donations to MICHIGAN ISRAEL BUSINESS ACCELERATOR tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MICHIGAN ISRAEL BUSINESS ACCELERATOR file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MICHIGAN ISRAEL BUSINESS ACCELERATOR due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHIGAN ISRAEL BUSINESS ACCELERATOR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MICHIGAN ISRAEL BUSINESS ACCELERATOR?
- The 990 for the year ended December 31, 2024 names MARK DAVIDOFF.
- Who are the officers and directors of MICHIGAN ISRAEL BUSINESS ACCELERATOR?
- The 990 for the year ended December 31, 2024 lists 21 people; 2 received compensation from the organization, the highest $271,200 (SCOTT HIIPAKKA, CHIEF EXECUTIVE OFFICER (END JAN 2025)).
- How much revenue does MICHIGAN ISRAEL BUSINESS ACCELERATOR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,550,000, expenses of $1,311,089 and total assets of $1,357,878 at year end.
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All nonprofits in DETROIT · Michigan · Community improvement and capacity building