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Manufacturing Advocacy & Growth Network
Also known as Magnet
Manufacturing Advocacy & Growth Network reported $20.4 million in revenue and $20.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $79.99 went to program services, $18.72 to management and general costs and $1.29 to fundraising. Its largest source of revenue was contributions and grants: 49.6% of the total. Government grants made up 44.0%. The highest compensation it reported for one person was $596,360 (PRESIDENT & CEO). 15 people received more than $100,000 in reportable compensation. Revenue rose 7% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $20MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $20MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.0% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.7% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.3% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 49.6% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 44.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 49.3% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $596,360 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.93% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 15 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 11.5 | 9.2 |
| Independent voting board members Part VI 1a–1b | 28 of 28 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseGrowth 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…
Talent (work force/ecec): work force facilitates programs between students/adults and local manufacturers who train them in manufacturing careers and technical certifications
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $559,167 | $0 | $37,193 | $596,360 |
| CHIEF WORKFORCE ADVANCEMENT OFFICER Key employee, 40.00 hrs/week | $289,593 | $0 | $34,423 | $324,016 |
| CHIEF OPERATING OFFICER Key employee, 40.00 hrs/week | $247,876 | $0 | $24,290 | $272,166 |
| DIRECTOR, OPERATIONS EXCEL Highest compensated employee, 40.00 hrs/week | $205,886 | $0 | $30,237 | $236,123 |
| CHIEF DEVELOPMENT & ENGAGEMENT OFFICER Highest compensated employee, 40.00 hrs/week | $200,103 | $0 | $21,989 | $222,092 |
| EXECUTIVE DIRECTOR, AMERICA WORKS Highest compensated employee, 40.00 hrs/week | $172,500 | $0 | $24,997 | $197,497 |
| SENIOR GROWTH & INNOVATION Highest compensated employee, 40.00 hrs/week | $165,948 | $0 | $28,240 | $194,188 |
| PRESIDENT & FOUNDER, EDGE Highest compensated employee, 40.00 hrs/week | $170,750 | $0 | $22,010 | $192,760 |
15 people received more than $100,000 in reportable compensation from Manufacturing Advocacy & Growth Network (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b28 · 28 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5112
- Volunteers Part I, line 650
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| TOWARDS EMPLOYMENT Workforce development | $763,221 |
| RADYNE CORPORATION Engineering | $391,500 |
| HEXAGON MANUFACTURING INTELLIGENCE Engineering | $235,475 |
| DRAKE MANUFACTURING Engineering | $187,920 |
| KEYSTONE TECHNOLOGY CONSULTANTS INC It support | $172,922 |
Individuals listed as contractors are left out. 15 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Manufacturing Advocacy & Growth Network totaling $50,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Manufacturing Advocacy & Growth Network's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Manufacturing Advocacy & Growth Network, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Manufacturing Advocacy & Growth Network spent in FY2025, $79.99 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Invest Puerto RicoSan Juan, PR · revenue $20M · programs 93.1% · FY2025
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- The Bottom LineJamaica Plain, MA · revenue $20M · programs 68.5% · FY2025
- Four Bands Community FundEagle Butte, SD · revenue $21M · programs 92.6% · 2025
- Embarras River Basin AgencyGreenup, IL · revenue $20M · programs 97.2% · FY2025
All community improvement & capacity building charities · Largest charities in Ohio
Questions people ask
How much of Manufacturing Advocacy & Growth Network's spending goes to programs?
In the fiscal year ending June 30, 2025, Manufacturing Advocacy & Growth Network reported that 80.0% of its $20.4 million in expenses went to program services, 18.7% to management and general and 1.3% to fundraising (Form 990, Part IX).
How much does Manufacturing Advocacy & Growth Network pay its top executive?
The largest total compensation Manufacturing Advocacy & Growth Network reported for one person in the fiscal year ending June 30, 2025 was $596,360, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Manufacturing Advocacy & Growth Network get its money?
Of $20.4 million in revenue in the fiscal year ending June 30, 2025, 49.6% came from contributions and grants (including 44.0% from government grants) and 49.3% from program service revenue (Form 990, Part VIII).
Is Manufacturing Advocacy & Growth Network a registered charity?
The IRS lists EIN 34-1455043 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641349349309439 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349314307 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349311834 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349302002 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021 (amended), object 202320539349300307 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349306621 · read the filing
All filings for EIN 34-1455043: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.