2020-07-14T14:08:25-05:00 2019-06-30 363168081 SIKICH LLP 274 WHITE POND DRIVE AKRON OH 443201118 990 2018-07-01 341455043 MANUFACTURING ADVOCACY & GROWTH NETWORK INC MANU 2163917002 1768 EAST 25TH STREET CLEVELAND OH 441144420 ETHAN KARP PRESIDENT 2163917002 2020-07-14 1 JILL M BOYLE CPA P01246734 3308646661 2020-07-14 173.90.2.165 2020-07-14 12:39:40 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F0A8FFECFC2478071177CEA9CF586BB1F86CC97E 2018 2021-01-29 14:40:06Z MAGNET ETHAN KARP 1768 EAST 25TH STREET CLEVELAND OH 441144420 10761470 0 X WWW.MANUFACTURINGSUCCESS.ORG X 1984 OH TO SUPPORT, EDUCATE AND CHAMPION MANUFACTURING IN OHIO. 26 26 62 26 0 0 6430117 8304641 2660967 2456797 0 32 0 0 9091084 10761470 0 0 0 0 4198743 4485587 0 0 190749 4350791 5461524 8549534 9947111 541550 814359 7136469 7740197 1826833 1616202 5309636 6123995 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. 1 0 5423537 2168885 GROWTH SERVICES: MAGNET IS AN ORGANIZATION DEDICATED TO HELPING MANUFACTURERS GROW AND COMPETE IN 21 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. 1035107 0 WORK FORCE/ECEC: WORK FORCE FACILITATES PROGRAMS BETWEEN STUDENTS/ADULTS AND LOCAL MANUFACTURERS WHO TRAIN THEM IN MANUFACTURING CAREERS AND TECHNICAL CERTIFICATIONS. 537661 287912 ITERATOR: OUR GOAL TO ASSIST EARLY-STAGE, PRODUCT-FOCUSED BUSINESSES REACH MARKET ENTRY FASTER WITH REDUCED TECHNICAL RISK. THE INCUBATOR 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. 173434 SECTOR PARTNERSHIP: A DYNAMIC COLLABORATION OF A REGIONAL GROUP OF EMPLOYERS, TYPICALLY FROM A PARTICULAR INDUSTRY SECTOR OR SUB-SECTOR, WHO CONVENE REGULARLY WITH RELEVANT PROVIDERS OF EDUCATION, TRAINING, AND OTHER SUPPORT SERVICES, AND WITH THE SUPPORT OF AN INTERMEDIARY FOCUS ON STRATEGIES FOR RESPONDING TO THEIR COMMON WORKFORCE ISSUES AND NEEDS. 173434 7169739 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 54 0 62 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X KATIE MAYER 2164325333 1768 EAST 25TH STREET CLEVELAND OH 441144420 ETHAN KARP PRESIDENT 40.00 X 286926 0 14250 MICHAEL O'DONNELL VP OF OPERATIONS 40.00 X 152416 0 23647 BRANDON CORNUKE VP START UP SERVICES 40.00 X 147340 0 12464 COLEENE MCDEVITT SECRETARY, VP OF FINANCE (THRU 3/19) 40.00 X 131443 0 16197 REED STITH SENIOR GROWTH ADVISORY, MARKETING, AND SALES 40.00 X 124532 0 17402 JOE WORK SENIOR GROWTH ADVISOR 40.00 X 121102 0 20029 MICHAEL PINTZ DIRECTOR, ENGINEERING SERVICES 40.00 X 115986 0 21876 ROBERT SCHMIDT SENIOR GROWTH & INNOVATION ADVISOR 40.00 X 117282 0 17480 FELIX M BRUECK CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 STEVEN SENKFOR TREASURER 2.00 X X 0 0 0 MARCIA BALLINGER BOARD MEMBER 2.00 X 0 0 0 JOHN R BRANDT BOARD MEMBER 2.00 X 0 0 0 PETER BROER BOARD MEMBER 2.00 X 0 0 0 SCOTT CADE BOARD MEMBER 2.00 X 0 0 0 MICHAEL CANTY BOARD MEMBER 2.00 X 0 0 0 LEE A CHILCOTE BOARD MEMBER 2.00 X 0 0 0 WARD DUMM BOARD MEMBER 2.00 X 0 0 0 LARRY FULTON BOARD MEMBER 2.00 X 0 0 0 PETER J GOUMAS BOARD MEMBER 2.00 X 0 0 0 RON HAMMOND BOARD MEMBER 2.00 X 0 0 0 GEORGE K HARITOS BOARD MEMBER 2.00 X 0 0 0 EDWARD NED W HILL BOARD MEMBER 2.00 X 0 0 0 ERIC HILLENBRAND BOARD MEMBER 2.00 X 0 0 0 DAVID JARUS BOARD MEMBER 2.00 X 0 0 0 ALEX JOHNSON BOARD MEMBER 2.00 X 0 0 0 DOUG LANCE BOARD MEMBER 2.00 X 0 0 0 BRAD ROLLER BOARD MEMBER 2.00 X 0 0 0 JOSEPH D ROMAN BOARD MEMBER 2.00 X 0 0 0 TIM ROSENGARTEN BOARD MEMBER 2.00 X 0 0 0 DAVID SATTLER BOARD MEMBER 2.00 X 0 0 0 JACK H SCHRON BOARD MEMBER 2.00 X 0 0 0 SANJAY SINGH BOARD MEMBER 2.00 X 0 0 0 AARON SWARTZ BOARD MEMBER 2.00 X 0 0 0 CAROLEE VANICEK BOARD MEMBER 2.00 X 0 0 0 1197027 0 143345 16 0 1 0 PR2020 LLC 812 HURON RD SUITE 780 CLEVELAND OH 44115 MARKETING 177859 GEM 6842 COMMODORE DR WALBRIDGE OH 43465 BUILDING MANAGEMENT 158468 ACE TAXI 1798 E 55TH ST CLEVELAND OH 44103 TRANSPORTATION 138175 SOUTH SHORE CONTROLS 4485 N RIDGE RD PERRY OH 44081 ENGINEERING 119251 BOUNDARY SYSTEMS LTD 7055 ENGLE RD SUITE 601 MIDDLEBURG HEIGHTS OH 44130 IT 107343 5 6847746 1456895 8304641 INDUSTRIAL REVENUE 541900 2153867 2153867 RENTAL INCOME 532000 181274 181274 SEMINAR INCOME 900099 121656 121656 2456797 32 32 10761470 2456797 0 32 X 439378 346996 87324 5058 3304908 2609551 657281 38076 116181 91736 23106 1339 318743 254405 60828 3510 306377 241915 60932 3530 69770 69770 130100 130100 2201256 2019867 181389 495999 474219 21780 160397 18935 141462 299971 299971 379915 291637 80635 7643 17755 17755 283174 283174 47402 47402 MATERIALS AND EQUIPMENT 906555 656960 249595 REPAIRS AND MAINTENANCE 304605 304605 MISCELLANEOUS 164625 145763 17369 1493 9947111 7169739 2586623 190749 3450 3714 2829802 2566871 149607 200307 3495059 3559725 246988 365856 9437279 8461727 343391 975552 64792 64792 3380 3380 7136469 7740197 493612 559498 363710 363011 969511 693693 1826833 1616202 X 4591601 4935344 718035 0 1188651 5309636 6123995 7136469 7740197 814359 0 X X 0 1 X 1 1 1 X 6161041 5862853 6346175 6430117 8304641 33104827 6161041 5862853 6346175 6430117 8304641 33104827 117896 32986931 365 32 397 33105224 10057910 0.99640 0.99210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130100 130100 9817011 9947111 647356 161839 0 0 526680 354046 18800 647356 1546882 2320323 45913 80728 94000 130100 350741 131670 88512 4700 161839 386721 580082 6998245 6693888 304357 2439034 1767839 671195 975552 X 11402966 641496 641496 10761470 0 10761470 10588607 641496 641496 9947111 0 9947111 PART X, LINE 2: MAGNET IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER THE CURRENT PROVISIONS OF THE INTERNAL REVENUE CODE, SECTION 501(C)(3). IN ADDITION, MAGNET HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(L)(A)(VI) OF THE CODE. THEREFORE, NO PROVISIONS FOR FEDERAL AND STATE INCOME TAXES HAVE BEEN RECORDED IN THE STATEMENTS, AND CONTRIBUTIONS BY THE PUBLIC ARE DEDUCTIBLE FOR INCOME TAX PURPOSES. X 1 0 0 0 0 0 0 0 0 ETHAN KARP PRESIDENT 286926 0 0 0 0 0 14250 0 0 0 301176 0 0 0 MICHAEL O'DONNELL VP OF OPERATIONS 152416 0 0 0 0 0 7813 0 15834 0 176063 0 0 0 BRANDON CORNUKE VP START UP SERVICES 147340 0 0 0 0 0 7224 0 5240 0 159804 0 0 0 PART I, LINE 4A COLEENE MCDEVITT, SEVERENCE PAYMENT OF $50,625 FORM 990, PART III, LINE 2 SECTOR PARTNERSHIP - SEE 990 PAGE 2 PART III FOR DESCRIPTION OF PROGRAM. 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 CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS AND A SIGNED STATEMENT IS OBTAINED 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 SERVICES, PROJECTS: PROGRAM SERVICE EXPENSES 2,019,867. MANAGEMENT AND GENERAL EXPENSES 151,289. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,171,156. ACCOUNTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30,100. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,100.