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
George Gund FoundationCapital Campaign.$1,000,000
The Cleveland FoundationGeneral Support$965,500
Fund for Our Economic Future of Northeast OhioJob Preparation$435,044
...and 11 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of CommerceMANUFACTURING EXTENSION PARTNERSHIP$2,832,382
Department of CommerceECONOMIC ADJUSTMENT ASSISTANCE$981,575
Department of DefenseCOMMUNITY INVESTMENT$279,767

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 20 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
2020-062021-05-26990View PDF
2019-062021-01-27990View PDF
2018-062019-07-23990View PDF
...and 8 more Form 990s

Organizations like Magnet / Manufacturing Advocacy & Growth Network Inc

OrganizationLocationRevenue
Allegheny Conference on Community DevelopmentPittsburgh, PA$14,637,323
Catalyst ConnectionPittsburgh, PA$7,162,522
Community Transportation of AmericaWashington, DC$6,194,008
Delaware Valley Industrial Resource CenterPhiladelphia, PA$7,894,285
Mountain AssociationBerea, KY$8,576,709
New Jersey Manufacturing Extension Program IncorporatedCedar Knolls, NJ$10,190,309
Acdi / VocaWashington, DC$104,041,243
Massachusetts Manufacturing Extension PartnershipAuburn, MA$10,807,956
Times Square AllianceNew York, NY$28,017,921
Greater Phoenix Economic CouncilPhoenix, AZ$7,545,492
Data update history
June 25, 2023
Used new vendors
Identified 3 new vendors, including , , and
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 25, 2023
Updated personnel
Identified 8 new personnel
May 13, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
May 9, 2023
Received grants
Identified 3 new grant, including a grant for $250,000 from The Nordson Corporation Foundation
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
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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