Civic Intelligence

Magnet Qalicb Inc

EIN 88-2834792 • 501(c)3 • Cleveland, OH

Profile

Conducting or supporting activities for the purposes of increasing support for manufacturing advocacy and growth network inc. (magnet,) increasing community involvement with and support for magnet, and promoting the facilities of magnet, accepting and expending funds in support of such activities, and doing all things necessary or appropriate in order to accomplish the foregoing purposes.

1800 East 63rd StreetCleveland, OH 44103

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.03x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

21.24x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

6th percentile

-43%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

24th percentile

-2.5%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-70%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$15,033,840

Down $391,105 (-2.5%) from 2023

Liabilities

Down

$15,464,035

Down $74,616 (-0.5%) from 2023

Net Assets

Down

-$430,195

Down $316,489 (-278%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin6th percentile

Revenue

Down

$728,038

Down $1,699,709 (-70%) from 2023

Expenses

Down

$1,044,527

Down $1,496,926 (-59%) from 2023

Net Income

Down

-$316,489

Down $202,783 (-178%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0-$5.0MAssets 2023: $15,424,945Liabilities 2023: $15,538,651Net Assets 2023: -$113,7062023Assets 2024: $15,033,840Liabilities 2024: $15,464,035Net Assets 2024: -$430,1952024

Highlighted filing

2024

Assets$15,033,840
Liabilities$15,464,035
Net Assets-$430,195
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2023: $2,427,747Expenses 2023: $2,541,453Net Income 2023: -$113,7062023Revenue 2024: $728,038Expenses 2024: $1,044,527Net Income 2024: -$316,4892024

Highlighted filing

2024

Revenue$728,038
Expenses$1,044,527
Net Income-$316,489
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$15,033,840
Liabilities
$15,464,035
Net assets
-$430,195
Revenue
$728,038
Expenses
$1,044,527
Net income
-$316,489
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$15.5$0.43$0.73$1.04$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.4$15.5$0.11$2.43$2.54$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$728,038
Mission and Program Overview

Mission

Conducting or supporting activities for the purposes of increasing support for manufacturing advocacy and growth network inc. (magnet,) increasing community involvement with and support for magnet, and promoting the facilities of magnet, accepting and expending funds in support of such activities, and doing all things necessary or appropriate in order to accomplish the foregoing purposes.

An organization providing support for manufacturers in northeast ohio

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,944,046$14,569,705▼ $374,341
Cash and Non-Interest-Bearing Accounts$480,899$464,135▼ $16,764
Total Assets$15,424,945$15,033,840▼ $391,105
Liabilities
Unsecured Notes Loans Payable$15,495,812$15,414,715▼ $81,097
Accounts Payable and Accrued Expenses$42,839$49,320▲ $6,481
Total Liabilities$15,538,651$15,464,035▼ $74,616
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-113,706$-430,195▼ $316,489
Total Net Assets Fund Balance$-113,706$-430,195▼ $316,489
Total Liabilities and Net Assets / Fund Balance$15,424,945$15,033,840▼ $391,105

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,365,678$640,678$15,006,356
Land$204,027-$204,027
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Ethan KarpPresident & Director
Scott M SimonDirector
Theodore EinhornDirector
Lee ChilcoteSecretary & Director
Edward KneitelTreasurer & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$728,000
Investment Income
$38
Other Revenue
$0
Change in Net Assets
$-316,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,044,527
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$452,513-$452,513
Depreciation Depletion-$374,342-$374,342
Interest-$172,738-$172,738
Fees for Services Management-$30,000-$30,000
Fees for Services Other-$14,934-$14,934
Total Functional Expenses$0$1,044,527$0$1,044,527
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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 board signs a conflict of interest policy 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.”

Filing and Contact Details

Filer

Filer Name
Magnet Qalicb Inc
EIN
88-2834792
Phone
2165431222
Address
1800 EAST 63RD STREET, CLEVELAND, OH 44103

Signing Officer

Name
Daniel Jacoby
Title
Treasurer
Phone
2165431222
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Jacoby
Formed
2022
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Bober Markey Fedorovich & Company
Address
3421 RIDGEWOOD ROAD SUITE 300, AKRON, OH 44333
Preparer
Jessica L Tepus
Phone
3307629785
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There have been no changes to the process from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. Under the income taxes topic of the fasb asc, the organization is required to identify potential uncertain tax positions taken, assess and quantify those positions and record reserves. As of and for the year ended june 30, 2023, the organization identified no uncertain tax positions.”

Part X, Line 2

“The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. Under the income taxes topic of the fasb asc, the organization is required to identify potential uncertain tax positions taken, assess and quantify those positions and record reserves. As of and for the year ended june 30, 2023, the organization identified no uncertain tax positions.”

Raw XML Appendix372 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt042839
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt049320
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0AN ORGANIZATION PROVIDING SUPPORT FOR MANUFACTURERS IN NORTHEAST OHIO
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DANIEL JACOBY
IRS990/BooksInCareOfDetail/PhoneNum02169731769
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01800 EAST 63RD STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0CLEVELAND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd044103
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0480899
IRS990/CashNonInterestBearingGrp/EOYAmt0464135
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt038
IRS990/CYOtherExpensesAmt01044527
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0728000
IRS990/CYRevenuesLessExpensesAmt0-316489
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01044527
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0728038
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0374342
IRS990/DepreciationDepletionGrp/TotalAmt0374342
IRS990/Desc0PROVIDING SUPPORT FOR MANUFACTURING ADVOCACY AND GROWTH NETWORK INC. (MAGNET,) INCREASING COMMUNITY INVOLVEMENT WITH AND SUPPORT FOR MAGNET, AND PROMOTING THE FACILITIES OF MAGNET, ACCEPTING AND EXPENDING FUNDS IN SUPPORT OF SUCH ACTIVITIES, AND DOING ALL THINGS NECESSARY OR APPROPRIATE IN ORDER TO ACCOMPLISH THE FOREGOING PURPOSES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt030000
IRS990/FeesForServicesManagementGrp/TotalAmt030000
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt014934
IRS990/FeesForServicesOtherGrp/TotalAmt014934
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ETHAN KARP
IRS990/Form990PartVIISectionAGrp/PersonNm1EDWARD KNEITEL
IRS990/Form990PartVIISectionAGrp/PersonNm2LEE CHILCOTE
IRS990/Form990PartVIISectionAGrp/PersonNm3THEODORE EINHORN
IRS990/Form990PartVIISectionAGrp/PersonNm4SCOTT M SIMON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02022
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0728038
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt0172738
IRS990/InterestGrp/TotalAmt0172738
IRS990/InvestmentIncomeGrp/ExclusionAmt038
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt038
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0640678
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014944046
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014569705
IRS990/LandBldgEquipCostOrOtherBssAmt015210383
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CONDUCTING OR SUPPORTING ACTIVITIES FOR THE PURPOSES OF INCREASING SUPPORT FOR MANUFACTURING ADVOCACY AND GROWTH NETWORK INC. (MAGNET,) INCREASING COMMUNITY INVOLVEMENT WITH AND SUPPORT FOR MAGNET, AND PROMOTING THE FACILITIES OF MAGNET, ACCEPTING AND EXPENDING FUNDS IN SUPPORT OF SUCH ACTIVITIES, AND DOING ALL THINGS NECESSARY OR APPROPRIATE IN ORDER TO ACCOMPLISH THE FOREGOING PURPOSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-113706
IRS990/NetAssetsOrFundBalancesEOYAmt0-430195
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-113706
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-430195
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FACILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0452513
IRS990/OtherExpensesGrp/TotalAmt0452513
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DANIEL JACOBY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE - MAGNE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0728000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0728000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01942211
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01745812
IRS990/PYInvestmentIncomeAmt0203
IRS990/PYOtherExpensesAmt0795641
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0485333
IRS990/PYRevenuesLessExpensesAmt0-113706
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02541453
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02427747
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-316489
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0728000
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0A DIRECTOR MAY BE REMOVED WITH OR WITHOUT CAUSE BY A VOTE OF THE MAJORITY OF THE DIRECTORS. THE REMOVAL OF A DIRECTOR SHALL CREATE A VACANCY AS TO WHICH THE FOLLOWING PROVISIONS SHALL APPLY: IN THE CASE OF A VACANCY CAUSED BY DEATH, RESIGNATION, REMOVAL, OR OTHERWISE OF A DIRECTOR, THE BOARD OF DIRECTORS MAY ELECT A NEW DIRECTOR FOR THE UNEXPIRED TERM; PROVIDED, HOWEVER, IN THE EVENT OF A VACANCY BY ONE OR MORE OF THE DIRECTORS APPOINTED BY MANUFACTURING ADVOCACY & GROWTH NETWORK INC., SUCH VACANCY FOR THE UNEXPIRED TERM SHALL BE FILLED BY AN APPOINTMENT BY MANUFACTURING ADVOCACY & GROWTH NETWORK INC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION B, LINE 1:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0341455043
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MANUFACTURING ADVOCACY & GROWTH NETWORK INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014365678
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0640678
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015006356
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0204027
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0204027
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THE INCOME TAXES TOPIC OF THE FASB ASC, THE ORGANIZATION IS REQUIRED TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS TAKEN, ASSESS AND QUANTIFY THOSE POSITIONS AND RECORD RESERVES. AS OF AND FOR THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION IDENTIFIED NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THE INCOME TAXES TOPIC OF THE FASB ASC, THE ORGANIZATION IS REQUIRED TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS TAKEN, ASSESS AND QUANTIFY THOSE POSITIONS AND RECORD RESERVES. AS OF AND FOR THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION IDENTIFIED NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014569705
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD SIGNS A CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CURRENT GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAVE BEEN NO CHANGES TO THE PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MANUFACTURING ADVOCACY & GROWTH NETWORK INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0341455043
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT, EDUCATE AND CHAMPION MANUFACTURING IN OHIO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01800 EAST 63RD STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CLEVELAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044103
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0452513
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1728000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MANUFACTURING ADVOCACY & GROWTH NETWORK INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MANUFACTURING ADVOCACY & GROWTH NETWORK INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015424945
IRS990/TotalAssetsEOYAmt015033840
IRS990/TotalAssetsGrp/BOYAmt015424945
IRS990/TotalAssetsGrp/EOYAmt015033840
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01044527
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01044527
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015538651
IRS990/TotalLiabilitiesEOYAmt015464035
IRS990/TotalLiabilitiesGrp/BOYAmt015538651
IRS990/TotalLiabilitiesGrp/EOYAmt015464035
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-113706
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-430195
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0728000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt038
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0728000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0728038
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015424945
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015033840
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt015495812
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt015414715
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01800 EAST 63RD STREET
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044103
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL JACOBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02165431222
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNET QALICB INC
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0882834792
ReturnHeader/Filer/PhoneNum02165431222
ReturnHeader/Filer/USAddress/AddressLine1Txt01800 EAST 63RD STREET
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044103
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341523030
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOBER MARKEY FEDOROVICH & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03421 RIDGEWOOD ROAD SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AKRON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044333
ReturnHeader/PreparerPersonGrp/PhoneNum03307629785
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JESSICA L TEPUS
ReturnHeader/ReturnTs02025-05-15T14:53:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.