EIN 34-1455043

Magnet / Manufacturing Advocacy & Growth Network Inc

IRS 501(c) type
501(c)(3)
Num. employees
71
State
Year formed
1984
Most recent tax filings
2022-06-01
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
$24,169,466
2022
Total expenses
$15,157,138
2022
Total assets
$22,665,805
2022
Num. employees
71
2022

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.
Work force/ecec: work force facilitates programs between students/adults and local manufacturers who train them in Manufacturing careers and technical certifications.

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
The Cleveland FoundationEarly College Early Career (Ecec) Program (Year 5)$1,042,000
Kelvin and Eleanor Smith FoundationCapital for Mfg.innov.,tech.&job Center$500,000
...and 13 more grants received

Personnel at Magnet / Manufacturing Advocacy & Growth Network Inc

NameTitleCompensation
Ethan KarpPresident and Chief Executive Officer$379,353
Michael O'DonnellVice President of Operations$186,863
Brandon CornukeVice President of Strategy and Innovatio$168,257
Leah EpsteinVice President , Engagement$139,708
Adam SnyderManaging Director Sector P$265,379
...and 14 more key personnel

Financials for Magnet / Manufacturing Advocacy & Growth Network Inc

RevenuesFYE 06/2022
Total grants, contributions, etc.$19,506,750
Program services$4,662,716
Investment income and dividends$0
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$24,169,466

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

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2021-062023-02-22990View PDF
2021-062022-05-16990View PDF
2020-062021-05-26990View PDF
2019-062021-01-27990View PDF
...and 9 more Form 990s
Data update history
January 3, 2024
Received grants
Identified 7 new grant, including a grant for $1,042,000 from The Cleveland Foundation
December 23, 2023
Received grants
Identified 11 new grant, including a grant for $1,966,667 from Fund for Our Economic Future of Northeast Ohio
July 25, 2023
Updated personnel
Identified 5 new personnel
July 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
LobbyingState / local levelReceives government fundingTax deductible 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) 391-7002
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
Independent
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