EIN 34-1455043

Magnet / Manufacturing Advocacy & Growth Network Inc

IRS 501(c) type
501(c)(3)
Num. employees
85
State
Year formed
1984
Most recent tax filings
2023-06-01
NTEE code, primary
Description
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. The mission of Magnet, the Manufacturing Advocacy & Growth Network, is to support, educate and champion Manufacturing in Ohio with the goal of transforming the region's economy into a powerful global player. To support, educate and champion Manufacturing in Ohio.
Also known as...
Manufacturing Advocacy and Growth Network
Total revenues
$18,139,042
2023
Total expenses
$19,012,544
2023
Total assets
$20,641,849
2023
Num. employees
85
2023

Program areas at Magnet / Manufacturing Advocacy & Growth Network Inc

Growth services: Magnet is an organization dedicated to helping manufacturers grow and compete in 24 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.
New ventures: our goal to assist early-stage, product-focused businesses reach market entry faster with reduced technical risk. The new ventures 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.
Talent (workforce/ecec): work force facilitates programs between students/adults and local manufacturers who train them in Manufacturing careers and technical certifications.

Grants made by Magnet / Manufacturing Advocacy & Growth Network Inc

GranteeGrant descriptionAmount
Magnet QalicbFunded Supporting Org$0

Who funds Magnet / Manufacturing Advocacy & Growth Network Inc

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fund for Our Economic Future of Northeast OhioJob Preparation$1,966,667
Magnet QalicbSupported Org - General Operating Needs$1,745,812
The Cleveland FoundationEarly College Early Career (Ecec) Program (Year 5)$1,042,000
...and 13 more grants received

Personnel at Magnet / Manufacturing Advocacy & Growth Network Inc

NameTitleCompensation
Dr. Ethan KarpPresident and Chief Executive Officer$441,912
John R. BrandtChief Executive Officer$0
Michael CantyPresident and Chief Executive Officer$0
Mike GarveyChief Executive Officer$0
Tim HolmesChief Financial Officer
...and 22 more key personnel

Financials for Magnet / Manufacturing Advocacy & Growth Network Inc

RevenuesFYE 06/2023
Total grants, contributions, etc.$11,124,167
Program services$6,921,696
Investment income and dividends$93,179
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$18,139,042

Form 990s for Magnet / Manufacturing Advocacy & Growth Network Inc

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062023-02-22990View PDF
2021-062022-05-16990View PDF
2020-062021-05-26990View PDF
...and 10 more Form 990s
Data update history
September 22, 2024
Updated personnel
Identified 6 new personnel
August 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 1, 2024
Updated personnel
Identified 3 new personnel
July 13, 2024
Received grants
Identified 4 new grant, including a grant for $1,745,812 from Magnet Qalicb
July 12, 2024
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Trade associationsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1800 E 63rd St
Cleveland, OH 44103
Metro area
Cleveland-Elyria, OH
County
Cuyahoga County, OH
Website URL
manufacturingsuccess.org/ 
Phone
(216) 630-0500
Twitter profile
@theobamadiary 
IRS details
EIN
34-1455043
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1984
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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