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Organizations Community Improvement & Capacity Building Magnet Qalicb Inc.

Magnet Qalicb Inc.

Fiscal year ending 2023. Filed on May 15, 2024.

1800 East 63rd Street
Cleveland, Ohio 44103

Magnet Qalicb Inc. (EIN: 88-2834792) has filed an IRS Form 990 in fiscal year 2023. In its fiscal year 2023 IRS Form 990 filing, Magnet Qalicb Inc., a 501(c)(3) charitable organization, reported compensation for 1 employee. Among the employees shown here, the average compensation is $469,339. The highest compensated employee at Magnet Qalicb Inc. is Ethan Karp with fiscal year 2023 compensation of $469,339.

Revenue, expenses, and employee compensation

Revenue

$2,427,747

Expenses

$2,541,453

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Ethan Karp
President and Director
$469,339
$0 $441,912 $27,427

Benchmark Employee Compensation

Non-Employee Board Members

Edward Kneitel
Treasurer and Director
$130,012
$0 $123,324 $6,688
Lee Chilcote
Secretary and Director
No compensation reported
Scott M Simon
Director
No compensation reported
Theodore Einhorn
Director
No compensation reported

Mission Statement

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.

Revisions to this organization profile

May 15, 2024:
2023 Magnet Qalicb Inc. 990 filed

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