Including travel, each of those trips consumes about four days Jandernoa said. Jandernoa family office 42 North Partners exits Vine Line in sale to PE-backed FreshEdge BY Jayson Bussa Thursday, October 28, 2021 04:58pm ALPINE TWP. Read the IRS instructions for 990 forms. (He has not put his name up for re-election.). The films span five . Fast-track your prospect research with a Professional plan subscription. To watch the lecture, click here. Three years later, Perrigo became a public company. In the category of charity-based funding, here are some of the organizations that the Jandernoa Foundation supports: To be clear, we are not saying that these organizations dont serve specific needs, but we are also saying that these organizations do not work to end root causes of problems, rather they use charity-based solutions. These audits are copied from the Federal Audit Clearinghouse. Telephone: 6163252100 President, JandernoaFamily Foundation, 42 North Trustee Kevin Polston Superintendent, Kentwood Public Schools Trustee Diana Sieger President, Grand Rapids Community Foundation Trustee Adnoris "Bo" Torres Latinx/e Community Advocate and Latino Community Coalition Trustee Matthew VanZetten Community Member Trustee Aarie Wade The seller in the deal was 42 North Partners, a Grand Rapids-based family office founded and led by former Perrigo CEO Mike Jandernoa and his family. The Disney Accelerator is designed to accelerate business development opportunities with growth-stage startups from around the world. In recent years, Jandernoa has been involved with 42 North Partners, which he created with his wife Sue. Senior writer, covers health care, finance and life sciences. Many of the modern surnames in the dictionary can be traced back to Britain and Ireland. Click here to sign in or get access. In addition to making significant profits for the shareholders of these companies, Jandernoa has been deeply involved in furthering the political ideology of the Capitalist Class. Jandernoa has done this in three ways. Perrigo also has hired a third-party consultant to provide an outside perspective and evaluate our segments, market positions, growth opportunities and relative organizational structures, CEO John Hendrickson said in a statement. In pursuit of that growth, the president and CEO at the YMCA of Greater Grand Rapids applied a year ago to Jandernoa Entrepreneurial Mentoring, an organization that Mike Jandernoa started a decade ago to mentor business leaders. According to the Michigan Campaign Finance Network, Jandernoa gave $437,500 in the 2015 2016 election cycle (the 9th most in the state) to the Republican Party and he contributed $795,000 in the 2017 2018 election cycle, most notably to candidates from the Greater Grand Rapids area, like State Senator Peter MacGregor. That exceeded the average of expectations of 15 financial analysts surveyed by Zacks Investment Research of $1.59 per diluted share. Organizations making less than $50,000 dont have to file either form but do have to let the IRS theyre still in business via a Form 990N "e-Postcard.". Who We Are 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. On Thursday, Perrigo reported a third-quarter loss of $1.3 billion, a loss of $8.76 per share. Cookie Settings/Do Not Sell My Personal Information. Jandernoa is the former president of Perrigo. Jandernoa plans to step away from the company to dedicate more time to running 42 North Partners LLC, the family office he formed five years ago in Grand Rapids. Catholic Central $2,300,000, Junior Achievement $1,125,000, Mackinac Center for Public Policy $450,000, GVSU $300,000, Grand Rapids Student Advancement Foundation $109,500, Grand Action $100,000, Start Garden Foundation $45,000, All of the above entires either are designed to either; 1) influence educational outcomes Catholic Central, Calvin Theological Seminary, GVSU and the Grand Rapids Students Advancement Foundation; 2) Pro-capitalist practices Junior Achievement, Grand Action and Start Garden Foundation, or 3) public policy outcomes , Heart of West Michigan United Way $750,000, Special Olympics Inc. $175,000, Kids Food Basket $100,000, Mel Trotter Ministries $75,000, Grand Rapids Non-Profit Industrial Complex, The Rich get housing subsidies, everyone else gets capitalism in GrandRapids, The US War/Occupation of Afghanistan is now in its 18th year, and its a bipartisanoccupation , GRIID End of the Year in Review: Part II Monitoring the Powerful in Grand Rapids | Grand Rapids Institute for Information Democracy, Jandernoa Entrepreneurial Mentoring: A perfect formula to main the interests of the Capitalist Class in West Michigan | Grand Rapids Institute for Information Democracy, Police Chief Winstrom made a fool out of himself with fraudulent comments about activists in Grand Rapids who are demanding the GRPD bedefunded, Environmental books that have influenced me in my lifetime: PartIII, Omissions, bias and failure to question government claims: Grand Rapids Commercial Media Coverage of public hearing on GRPD proposal to usedrones, Opposition to the GRPD using drones was overwhelming during last nights Grand Rapids City Commission meeting, then the Mayor suspended the PublicHearing, GRIID interviews Movimiento Cosecha before the upcoming May 1st Immigrant Justice march in GrandRapids. 42 North Partners invests in businesses in the Midwest. Perrigo has been under pressure to make changes from an activist shareholder,Starboard Value LP, which holds a 4.6-percent stake in the company. The past chairman and chief executive officer of the store-brand products maker praises the skill and competence of company CEO John Hendrickson. Tessa Miller Controller. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Location 171 Monroe Ave NW Ste 410 Grand Rapids, MI 49503-2634 United States. Copyright 2022 Massinvestor, Inc. All Rights Reserved. His departure from the board next spring ends not just his tenure as Perrigos longest-serving director, but also the companys final connection to its days of local ownership. 27-year-old Jonathon Michael Lane. Steve Jandernoaisa Partner in our family office. Adnoris "Bo" Torres Elisabeth Cardmarker . Jandernoa Foundation - Nonprofit Explorer - ProPublica Nonprofit Explorer Research Tax-Exempt Organizations JANDERNOA FOUNDATION GRAND RAPIDS, MI 49503-2634 | Tax-exempt since Jan. 1993 EIN:. Aquinas College - $50,000; Catholic Central High School - $150,000; Diocese of Grand Rapids - $80,000 Jandernoa is the former president of Perrigo. Tracey Fountain The COVID-19 pandemic did not factor into the decision to downsize the number of units, VerWys said. Now that we can see the ways in which Jandernoa works to influence economic policy and the political process in Michigan, lets look at how his foundation compliments these efforts. 10/14/2022 That drug generated $93 million in royalties in the third quarter. For those interested in acquiring the original data from the source, heres where our data comes from: Enter a nonprofit's name, a keyword, or city, https://projects.propublica.org/nonprofits. Copyright 2021 Pro Publica Inc. Jandernoa family office 42 North Partners exits Vine Line in sale to PE-backed FreshEdge ALPINE TWP. Lisa Labinski . He is the Co- Founder of Grand Angels, LLC., which is another investment capital entity in Grand Rapids. We get to invest in things in West Michigan," Michael Jandernoa said. Diana Sieger Snap. Following his tenure at Perrigo, Mr. Jandernoa founded Jandernoa Entrepreneurial Mentoring, a Grand Rapids-based company that provides mentors to assist entrepreneurs in growing their companies. Trustee Privacy Policy Perrigo executives bought back the company in another management-led leveraged buyout in 1988, the same year Jandernoa became CEO. He said Perrigo has a board of directors that cares about West Michigan. During his time at the helm, Mr. Jandernoa took Perrigo from a privately held $30 million company to a $2.5 billion publicly-traded firm. Trustee Company: Bridge Street Capital Partners, LLC Position: Co-founder and partner Age: 59 Birthplace: Detroit Residence: West Olive Family/Personal: Wife Sue; three sons, age 27 . Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. Profile Last Updated: Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Candidate must be available to work full time hours (approximately 40 hours per week) for the duration of the internship. Everything you need to know to make a meaningful first connection can be found in our 2021-22 Landscape Guide! Jandernoa's sons have various roles in 42 North Partners, a private equity firm started by him and his wife Sue about eight years ago that has several involvements, including venture capital investments, various entrepreneurial efforts, acquisitions, a CEO mentoring service, and community-based initiatives. Als Multi Family Office hat Kontora den Anspruch, komplexe Vermgen zu verstehen und dieses Verstndnis zum Nutzen seiner Mandanten einzusetzen - mit strategischer Beratung, Investmentsuche und -prfung, berwachung und Administration. Board meetings that once involved a day and a half now take four days because of the travel required. Of Hendrickson, who was elevated to the CEO post in June, and other company executives - including Jeff Needham, executive vice president and general manager of consumer healthcare -- Jandernoa said he has lots of confidence in them and they are very skilled. Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Overall, Jandernoa has served as an executive or a director at Perrigo since 1981. Leave a review (517) 394-4040 . The Jandernoa family would like to thank all of the staff and volunteers at Faith Hospice at Trillium Woods for their wonderful care and kindness. Deputy CountyAdministrator, Kent County Dr. Jandernoa's office is located at 2410 Lake Lansing Rd Ste 2 Lansing, MI 48912. Family foundations . Vice President, Spectrum Health Healthier Communities, Trustee He is the former CEO and chairman of Perrigo Company. Navigate all the resources featured in the Landscape Guide by geographic location, industry sector, and organization type. He holds an MBA from the University of Michigan. This data release includes only a subset of what can be found in the full Form 990s. Despite the present difficulty, Jandernoa remains eternally optimistic about Perrigo. He said he was very surprised that Donald Trump won last Tuesday's presidential election. Stockholm, Stockholms Lan, Sweden View. This article is available to paid digital subscribers. Service on the Perrigo board of director has become more time consuming, Michael Jandernoa said. Carl Jandernoa Partner. Get the complete investment team + individual email addresses for investment team partners. Trustee He said the company's production of prescription and generic pharmaceuticals and other products, as well as the company's top management, remain in Allegan where its corporate culture is strongest. Gratitude is also extended for the love, prayers and support that has been provided by family and friends. His son Rob Jandernoa, 36, is involved in various entrepreneurial efforts. The investment arm of their efforts has about $200 million invested in businesses primarily in West Michigan. He is also the founder of Jandernoa Entrepreneurial Mentoring, co-founder and Board member of both Grand Angels and Bridge Street Capital Partners, managing general partner and board member of Hopen Life Science Ventures, and founder and Chairman of 42 North Partners, a family office focusing on investments, entrepreneurship, and community. Tweet. SIMILAR PROVIDERS . He said European hotels are filled with American businessmen and women visiting to satisfy foreign incorporation rules. Perrigo acquired the royalty stream as part of its $8.6 billion deal for Elan Corp. plc in 2013, in which it re-domiciled to Dublin. EIN 38-3083625 . His previous experiences include being the President of Vine Line Group, the Chief Financial Officer of Heeren companies, and working as a CPA at Ernst & Young and KPMG. Contact Information. Affordable one-bedroom apartments in the project will have an estimated rent starting at $352 per month, and affordable two-bedroom units will start at $422. Jandernoa family office 42 North Partners exits Vine Line in sale to PE-backed FreshEdge - MiBiz: West Michi John Meilner - President - 42 North Partners, LLC - LinkedIn. Market-rate one-bedroom units will be $1,400 a month, and two-bedrooms will be $1,650. The IRS Form 990 is an annual information return that most organizations claiming federal tax-exempt status must file yearly. That include stakes in burgeoning companies such as Metabolic Solutions Development Co., a pharmaceutical-discovery company formed in Kalamazoo in 2003 that is working to develop new treatments for such things as type 2 diabetes. He said companies that compete on a global basis are forced to grow their businesses overseas because U.S. taxes put them at a cost disadvantage here. "I think the beauty of what we've got on the board is we've got a lot of members with long service who know and appreciate the hometown and the core manufacturing and production of Allegan, Mich.," said Jandernoa. Vine Line stands as FreshEdges sixth acquisition. Its a lot of time and Im so blessed to have been involved with Perrigo for this time..

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