"and I'm a very lucky guy. 1 quesada.se; Lars Jedemark Senior Broker. He said European hotels are filled with American businessmen and women visiting to satisfy foreign incorporation rules. The ideologically driven funding that the Jandernoa Foundation provides goes to the following entities: 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 Mackinac Center for Public Policy and the Great Lakes Education Foundation. Action films, including the superhero sub-genre, make up a large part of the R-rated movies that broke the box office, while drama, horror, and comedy are also represented. Struggling to maintain healthy relationships? Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. 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. Attorney, Miller Johnson, Trustee Partner - Wictor Holding AB - Rdgivare and Client Executive at Wictor Family Office. 0. He said Perrigo has a board of directors that cares about West Michigan. "The facilities In Allegan are competitive with anything else in the world," he said. Next year, when it actually happens, its going to be very emotional when it gets to the real date., Jandernoa began with Perrigo when the company had a workforce of 300 people and $30 million in sales. Privacy Policy We hope to bring additional product lines, continued high quality and service levels, and consistent, reliable service, Greg Corsaro, COO of FreshEdge, said of the Vine Line acquisition in a recent interview with produce industry publication Blue Book Services. The following data is for 2015 2017, based on the 990 documents we obtained from Guidestar, for the Michael and Susan Jandernoa Foundation. Get the complete investment team + individual email addresses for investment team partners. Their combined service has touched dozens of nonprofits, including TeachingWorks. Click here to sign in or get access. Please verify insurance information directly with your doctor's office as it may change frequently. Jandernoa was born in Detroit, spent the early years of his life in tiny Pewamo in Ionia County and relocated to the Grand Rapids area at age 14. Stockholm, Stockholms Lan, Sweden View. Following the example set by Mike and Sue and bolstered by their continued leadership, our team of experienced professionals focuses our efforts primarily in three areas: investments, entrepreneurship, and community. He said lowering the corporate tax rate from its current 35 percent to about 15 percent would open the door for American companies to draft plans to reinvest in the U.S. 27-year-old Jonathon Michael Lane. He said he wants to spend more time with his children. Like all members of the Grand Rapids Power Structure, the Jandernoa Foundation does two main things. 2023 Advance Local Media LLC. Sue Jandernoa is driven by a passion for education and 30 years of teaching experience. His continuing involvement in business is influenced by an extensive career of innovative thinking and leadership. Diana Sieger Under his leadership, Perrigo was sold in 1986 to a New York City-based company, the Gro Group. ProPublica posts new tax forms as they are released by the IRS. Read the IRS instructions for 990 forms. Jandernoa plans to step away from the company to dedicate more time to running, Under his leadership, Perrigo was sold in 1986 to a New York City-based company, the, Today, Jandernoa finds his time divided between 42 North Partners, service on boards for a number of organizations and local businesses including, Perrigo reported the loss and impairment charges while announcing that it was exploring strategic alternatives for the royalty rights to the multiple sclerosis drug Tysabri. Although companies that compete globally need offices overseas, he said, "If we don't bring some of that money back, the middle class won't be able to close the wage gap.". That is part of the mixed emotions, no doubt about it, Jandernoa said. 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. 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. 42 North Partners Location 171 Monroe Ave NW Ste 410, Grand Rapids, Michigan, 49503, United States Description Read More Industry Finance General Finance Mike Jandernoa Founder & Chairman. His son Rob Jandernoa, 36, is involved in various entrepreneurial efforts. Adjusted for one-time events, the company saw net income of $236million and adjusted net earnings per fully diluted share of $1.65. We are very busy with that and we have more on the plate, said Jandernoa, who opted not to stand for re-election to the board of directors at Perrigo. The films span five . If this organization has filed an amended return, it may not be reflected in the data below. . Like all members of the Grand Rapids Power Structure, the Jandernoa Foundation does two main things. Profile Last Updated: Mike Jandernoa is an investor, board member, entrepreneur, and mentor who is committed to Michigans entrepreneurial and investment community, the vitality of the state, and building connections to grow Michigans economy. 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. General Dentistry . 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in GrandRapids, Michigan. Perrigo reported the loss and impairment charges while announcing that it was exploring strategic alternatives for the royalty rights to the multiple sclerosis drug Tysabri. Jandernoa's son Steve, 34, is involved in apple orchard packing and agricultural enterprises that include hops farming to serve West Michigan's craft brewing industry. OVERVIEW. Michael Jandernoa is one of the lesser-known members of the Grand Rapids Power Structure. 42 North Partners invests in companies in the Midwest and has seen investment prospects and acquisitions growing like crazy, all of which required more of his time. Trustee The real pain in the gut are the little things that . To watch the lecture, click here. Navigate all the resources featured in the Landscape Guide by geographic location, industry sector, and organization type. Access lists of funders based on detailed search criteria and other features such as: Copyright 2023 Candid. From 1991 to 2003, Jandernoa served as chairman of the board of Perrigo. ALPINE TWP. He said he was very surprised that Donald Trump won last Tuesday's presidential election. 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. Jandernoa Foundation. SUBSCRIBE TO MIBIZ TODAY FOR WEST MICHIGANS FINEST BUSINESS NEWS REPORTING, Report: Spiking equipment repair costs add to restaurants challenges, 2 new Shape partnerships bringing more sustainable materials to auto industry, GR tech startup raises $4.4M to help employers analyze staff competencies, GFS partnership addresses industry labor shortage with robotic food prepping, Big Rapids auto supplier plans 60 permanent layoffs in coming months, With latest distribution expansion, Bells beer is now available in 49 states, New MDARD director eyes opportunities to boost resilience of Michigan farms, Revolution Farms, Meijer issue wide-scale lettuce recall, Lakewood Construction acquires Royal Glass, aims to grow construction footprint, West Michigan private jet provider merging with Florida company to expand offerings. Likelihood of recommending Dr. Jandernoa to family and friends Tell us about your experience with Dr. Jandernoa Dr. Jandernoa's Office & Staff . That drug generated $93 million in royalties in the third quarter. Copyright. 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. In recent years, Jandernoa has been involved with, In addition, Jandernoa has used his wealth to influence state politics. Jandernoa also sits on the boards of numerous groups that are part of the Grand Rapids Power Structure, like the West Michigan Policy Forum, Talent 2025, Business Leaders for Michigan and The Education Trust, which is an organization that promotes Charter Schools. He is the Co- Founder of Grand Angels, LLC., which is another investment capital entity in Grand Rapids. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. In recent years, Jandernoa has been involved with 42 North Partners, which he created with his wife Sue. Directorof Education, Baxter Community Center, Superintendent, Godwin Heights Public Schools, Executive Director, Family Outreach Center, Superintendent, Kent Intermediate School District. Jandernoa Foundation - Nonprofit Explorer - ProPublica Nonprofit Explorer Research Tax-Exempt Organizations JANDERNOA FOUNDATION GRAND RAPIDS, MI 49503-2634 | Tax-exempt since Jan. 1993 EIN:. Phone: 616-325-2100. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. I need to give my sons and the family office more time.". Twitter: @masanche. Is this you? Candidate must be available to work full time hours (approximately 40 hours per week) for the duration of the internship. * Officer compensation may be included in charitable disbursements, so values may add up to greater than 100%. This foundation has just over $16 million in assets, according to Guidestar. Following the example set by Mike and Sue and bolstered by their continued leadership, our team of experienced professionals focuses our efforts primarily in three areas: investments, entrepreneurship, and community. Going into my next career, the family office, I thought I would be able to manage the time and the family office a little bit better, but with three sons involved and all of them working on the investing side, our transactions, and the number of investments and our acquisitions have been growing like crazy, he said. He is also a co-founder of Bridge Street Capital Partners, also in Grand Rapids, which provides strategic planning, mentoring management, and sourcing appropriate forms of capital, and he is a founder and board member of the West Michigan-based Grand Angels. We get to invest in things in West Michigan," Michael Jandernoa said. ", He said there are estimates that U.S. companies have about $1.5 trillion invested abroad. 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. 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. Tessa Miller Controller. His departure from the boardwas announced last week at the same time as Gary Kunkle, who has been a board member since October of 2002. Location 171 Monroe Ave NW Ste 410 Grand Rapids, MI 49503-2634 United States. Dr. Jandernoa works in Lansing, MI and 2 other locations and specializes in General Dentistry. William Lawrence FreshEdge is composed of a growing family of produce and specialty food companies. They were previously living in the Chicago area. This article is available to paid digital subscribers. Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. Dr. Jandernoa's office is located at 2410 Lake Lansing Rd Ste 2 Lansing, MI 48912. 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 . Community Member This internship is a remote position and requires a working, reliable internet connection as well as a quiet, dedicated workspace. 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. President, Grand Rapids Community Foundation, Trustee We are fully behind John and his plan and his ideas.". Date Added/Updated: 02/2018. "It has not been an easy decision," said Jandernoa, one of the longest-serving directors at a West Michigan-based corporation. Tracey Fountain April 19, 2023, 2:18pm. His family firm 42 North Partners, takes its name from the 42nd parallel, which cuts across Lake Michigan into Grand Rapids and West Michigan. Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats. He holds an MBA from the University of Michigan. The program begins in the summer and concludes with a Demo Day in the fall. Beyond his leadership at Perrigo, Mike is also the founder of both Jandernoa Entrepreneurial Mentoring, a business coaching initiative, and 42 North Partners, a family office focusing on investments, entrepreneurship, and community. Vine Line stands as FreshEdges sixth acquisition. Kevin Polston Perrigo executives bought back the company in another management-led leveraged buyout in 1988, the same year Jandernoa became CEO. Rob Jandernoa Partner. We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. In recent years, Jandernoa has been involved with42 North Partners, which he created with his wife Sue. Contact Information. Perrigo acquired the royalty stream as part of its $8.6 billion deal for. Telephone: 6163252100 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. That drug generated $93 million in royalties in the third quarter. Liza Alvarez, the former director of human resources for Vine Line, now takes over as the companys president. Steve Jandernoa is a Partner in our family office. Copyright 2021 Pro Publica Inc. 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, Jandernoa also sits on the boards of numerous groups that are part of the Grand Rapids Power Structure, like the West Michigan Policy Forum, Talent 2025, Business Leaders for Michigan and. Tweet. "We've got so many plans invested in Allegan and hundreds of millions of dollars invested here," he said. Following the example set by Mike and Sue and bolstered by their continued leadership, our team of experienced professionals focuses our efforts primarily in three areas: investments, entrepreneurship, and community. The University of Michigan Office of Development 3003 South State . Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. And he says the company has some of the most skilled and competent workers in the world. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 4/4/2023), Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (updated 1/26/2023). Grand Rapids, MI 49503 12.901 (b) (2) Petition for Dissolution of Marriage with Property but No Dependent or Minor Child (ren) Download: Type: Petition. (Image: Screengrab) In a virtual town hall last week, the CEO of a Utah-based digital marketing and technology company, who is forcing employees to return to . And in doing that, we've got more on our plate and I can't keep up my time on the board. Sign up to get ProPublicas biggest stories delivered straight to your inbox. The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. The investment arm of their efforts has about $200 million invested in businesses primarily in West Michigan. Its a lot of time and Im so blessed to have been involved with Perrigo for this time.. The $1.25 billion loss resulted from two large impairment charges connected to Europe, according to the company. Like their father, Carl and Steve are certified public accountants. Aquinas College - $50,000; Catholic Central High School - $150,000; Diocese of Grand Rapids - $80,000 Read the API documentation . That exceeded the average of expectations of 15 financial analysts surveyed by Zacks Investment Research of $1.59 per diluted share. 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. Cookie Settings/Do Not Sell My Personal Information. 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. All rights reserved (About Us). "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. Steve is an active community volunteer and Board member of Artists Creating Together and Catholic Central High School. Mike Jandernoa is the former board chairman and CEO of Perrigo Co., as well as a mentor to Michigan entrepreneurs and an emeritus member of the Business Leaders for Michigan. Unser Leistungsspektrum ist umfassend und das hat einen einfachen Grund: die Komplexitt der Materie. Create a free account. Jandernoa family office 42 North Partners exits Vine Line in sale to PE-backed FreshEdge ALPINE TWP. The recent Vine Line deal expands FreshEdges footprint further in Michigan. The past chairman and chief executive officer of the store-brand products maker praises the skill and competence of company CEO John Hendrickson. Fast-track your prospect research with a Professional plan subscription. 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. "The workforce is outstanding, knowledgeable and skilled and is critical to our company.". Regardingactivist investors who have bought shares of Perrigo stock in recent months and threatened to try to force change, he said, "John (Hendrickson) did a great job of outlining our plans and strategies and what our focus areas are. Extracted financial data is not available for this tax period, but Form 990 documents are available for download. When William Paul Jandernoa was born on 17 August 1930, in Pewamo, Ionia, Michigan, United States, his father, Tony Anthony Vincent Jandernoa, was 38 and his mother, Elisabeth Anthonia Francisca Beauchampet, was 38. . Vice President, Spectrum Health Healthier Communities, Trustee Trustee Sweden View. Lisa Labinski . Since the company was reincorporated in Dublin, Ireland, in 2013 to take advantage of its lower corporate tax rate, the board is required to hold 80 percent of its meetings there. He is married to Holly, and they are parents to four awesome sons. Nate DeVries Senior Accountant. Mel Atkins II Including travel, each of those trips consumes about four days Jandernoa said. If you have used our data or site in your research or reporting, add credit and a link to Nonprofit Explorer in your story or publication and let us know. Jandernoa Family Office, SDIX - Service Delivery Index. 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. He is the former CEO and chairman of Perrigo Company. Grant Information Last Updated: The COVID-19 pandemic did not factor into the decision to downsize the number of units, VerWys said. . In the 2020 990 documents for the Jandernoa Foundation, his family contributed a total of $2,981,127, which you can find on GuideStar.org. Perrigo re-incorporate itself in Ireland, but Allegan County's role will not change in Perrigo's world, he said. 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. As we have noted in previous Foundation Watch posts, members of the Grand Rapids Power Structure are influencing economic policy at the state level that creates poverty conditions for thousands in West Michigan, but their foundations only provide charity-based solutions that do not address root causes of economic disparities. Bill Lawrence . Who We Are 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. 1 bergmankjellberg.com; Charlotta Magnusson Client Relationship Manager. Trustee 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. But unlike most workers at or near retirement age, he's not planning to take them fishing and he's not retiring. 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. Jandernoa has done this in three ways. Aarie Wade Please share any feedback you have about Foundation Directory Online. There are some secrets even true "Chopped" fans don't know about. I feel good that the Perrigo legacy and culture is in good hands, Jandernoa said. Michael Jandernoa has been the CEO of numerous companies in West Michigan over the years, such a Perrigo and 42 North Partners. The Internal Revenue Service is substantially delayed in processing and releasing nonprofit filings, so documents available here may not be the most recent an organization has filed. Elisabeth Cardmarker . Earlier this month, Indianapolis-based FreshEdge, backed by private equity firm Rotunda Capital Partners, announced that it has acquired Vine Line, which is based in Kent Countys Alpine Township. In addition, by contributing to groups like Mel Trotter Ministries and Kids Food Basket, the Jandernoa Foundation can count on these same organizations to not challenge or resist the ways in which Jandernoa influences public policy, which ultimately leads to the creation of poverty and hunger. Claim your profile . 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. Mike Jandernoa leaves the board at Perrigo Co. plc next spring and in the process ends a link to the companys past when it was a far smaller producer of medications in rural Allegan. In addition, Jandernoa serves as General Partner at Bridge Street Capital Fund I, L.P, where he sits on the Executive Committee with John Kennedy. There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. Our values have inspired us to support entrepreneurship and a wide variety of non-profit and community-based initiatives throughout our home state. Jandernoa has been a director since 1981. He has high praise for Hendrickson, a 27-year veteran of the company who took over after former CEO Joe Papa departed earlier this year. Jandernoa became president of Perrigo in January 1982, after the management team bought the company from its founding family a year earlier in a leveraged buyout. Kevin Battle Rob was working as an engineer in the Detroit area. Many of the modern surnames in the dictionary can be traced back to Britain and Ireland. In addition, Jandernoa serves as General Partner atBridge Street Capital Fund I, L.P, where he sits on the Executive Committee with John Kennedy. (He has not put his name up for re-election.). The Intern, Global Portfolio Management & Transactions, Corporate Real Estate, will assist the three managers in NYC with various phases of a real estate project/transaction. Taxable trusts and private foundations that are required to file a form 990PF are also included. landmine rotations with dumbbells Son Carl, 39, has been involved in broad-range investments and is working in real estate. 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. Sue Jandernoa Founder . Trustee The Disney Accelerator is designed to accelerate business development opportunities with growth-stage startups from around the world. This data release includes only a subset of what can be found in the full Form 990s. Three years later, Perrigo became a public company. The firm also makes investments in funds. The KSSN Board of Directors is made up of 15community leaders who are invested in the lives of children, youth, and families. The approximate dates of this internship are June 2023 - January 2024. "Two years go they started coming home," he said. 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. Our state's entrepreneurial economy hinges on our ability to provide capital to our high-growth, high-potential companies. Executive Director Community & Student Affairs, Grand Rapids Public Schools He was board chairman from 1991 to 2003, and served as CEO from 1988 until his retirement in 2000. For specific information about missed delivery for your shipment, please contact our customer service team at 1-866-320-8383 or email us at support@flagshipcompany.com. Board meetings that once involved a day and a half now take four days because of the travel required. Danielle Jandernoa, Clinical Social Work/Therapist, Grand Rapids, MI, 49544, (616) 323-9830, Are you struggling with your moods on a daily basis? On Thursday, Perrigo reported a third-quarter loss of $1.3 billion, a loss of $8.76 per share. Ken Fawcett The firm is a lead investor and Board member of Hopen Life Science Fund. a Partner in our family office. It has not been an easy decision, said Jandernoa, one of the longest-serving directors at a West Michigan-based corporation. Service. 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. Stockholm, Stockholms Lan, Sweden View. 42 North Partners is part of the Finance industry, and located in Michigan, United States.
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