Senior writer, covers health care, finance and life sciences. The Disney Accelerator is designed to accelerate business development opportunities with growth-stage startups from around the world. The past chairman and chief executive officer of the store-brand products maker praises the skill and competence of company CEO John Hendrickson. 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. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Access lists of funders based on detailed search criteria and other features such as: Copyright 2023 Candid. To watch the lecture, click here. . Duplicated download links may be due to resubmissions or amendments to an organization's original return. YouTubes privacy policy is available here and YouTubes terms of service is available here. . OVERVIEW. There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. As a non-profit, we offer free help to anyone looking to learn the details of their family story. "You have all kinds of American business people wasting crazy amounts of time because we have a broken corporate tax system here in the United States," he said. Twitter: @masanche. Vine Line Group LLC - MiBiz But unlike most workers at or near retirement age, he's not planning to take them fishing and he's not retiring. Grand Rapids Institute for Information Democracy, Jandernoa is the former president of Perrigo. 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. Jandernoa family office 42 North Partners exits Vine Line in sale to PE-backed FreshEdge ALPINE TWP. Jandernoa withdraws from Perrigo after 36 years, will focus on family 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. CEO Celebrates Worker Who Sold Family Dog After He Demanded They Return Jandernoa is the former president of Perrigo. Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. "Two years go they started coming home," he said. In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. 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. General Dentistry . I need to give my sons and the family office more time.". 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. Market-rate one-bedroom units will be $1,400 a month, and two-bedrooms will be $1,650. Student Academic Success & Well Being District Coordinator, Grandville Public Schools Steve Jandernoa - 42 NP Fast-track your prospect research with a Professional plan subscription. Latinx/e Community Advocate and Latino Community Coalition, Trustee "It's fun. "It has not been an easy decision," said Jandernoa, one of the longest-serving directors at a West Michigan-based corporation. 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. 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. He said he was very surprised that Donald Trump won last Tuesday's presidential election. Aarie Wade 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.". 42 North Partners acquired Heeren Bros Inc. in 2015 from the Heeren family, which founded the company in 1933. This article is available to paid digital subscribers. Read the API documentation . We get to invest in things in West Michigan," Michael Jandernoa said. 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. 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. leave behind at sdo staples - pleasanttownship.org Michael Jandernoa has been the CEO of numerous companies in West Michigan over the years, such a Perrigo and 42 North Partners. Extracted financial data is not available for this tax period, but Form 990 documents are available for download. accident in titusville, fl today; tuff hedeman car accident 2020; jasmine morton ross wedding; elizabeth guevara don ho. Strategic Communications Graduate Intern, Remote, Summer/Fall 2023 Jandernoa Family Office, SDIX - Service Delivery Index. Phone: 616-325-2100. Contact Information. Perrigo in good hands says longtime board member Michael Jandernoa - mlive Stockholm, Stockholms Lan, Sweden View. "and I'm a very lucky guy. Family foundations . The program begins in the summer and concludes with a Demo Day in the fall. His continuing involvement in business is influenced by an extensive career of innovative thinking and leadership. Trustee Mike Jandernoa is the former chairman of the board and CEO of Perrigo Company, as well as a mentor to Michigan entrepreneurs and an emeritus member of the Business Leaders for Michigan. 10/14/2022 Like their father, Carl and Steve are certified public accountants. Our state's entrepreneurial economy hinges on our ability to provide capital to our high-growth, high-potential companies. 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. Nate DeVries Senior Accountant. The following data is for 2015 2017, based on the 990 documents we obtained from Guidestar, for the Michael and Susan Jandernoa Foundation. Jandernoa Name Meaning & Jandernoa Family History at - Ancestry Dr. Jandernoa's office is located at 2410 Lake Lansing Rd Ste 2 Lansing, MI 48912. The company has now ballooned to 1,485 employees and maintains 670,000 square feet of combined warehouse space nationwide. 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. Steve Jandernoa Partner. That exceeded the average of expectations of 15 financial analysts surveyed by Zacks Investment Research of $1.59 per diluted share. Like all members of the Grand Rapids Power Structure, the Jandernoa Foundation does two main things. "The facilities In Allegan are competitive with anything else in the world," he said. His tenure on the board ends with the next Perrigo shareholder meeting in April. Likelihood of recommending Dr. Jandernoa to family and friends Tell us about your experience with Dr. Jandernoa Dr. Jandernoa's Office & Staff . Adding It All Up | Leaders & Best Impact 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. Developer scales back plans for GR affordable senior housing - MiBiz He said Perrigo has a board of directors that cares about West Michigan. Despite the present difficulty, Jandernoa remains eternally optimistic about Perrigo. He is the Co- Founder of Grand Angels, LLC., which is another investment capital entity in Grand Rapids. In addition, Jandernoa has used his wealth to influence state politics. See the list , The data powering this website is available programmatically, via an API. 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. Jandernoa is the former president of Perrigo. About - 42 NP 42 North Partners Location 171 Monroe Ave NW Ste 410, Grand Rapids, Michigan, 49503, United States Description Read More Industry Finance General Finance 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. Ken Fawcett Jandernoa has been a director since 1981. All rights reserved (About Us). SIMILAR PROVIDERS . Hendrickson expects the review of Tysabri as well as other business units to be complete by the end of the first quarter of 2017. Mel Atkins II Bill Lawrence . Lisa Labinski . 42 North Partners invests in businesses in the Midwest. 42 North Partners - Venture Capital Database - Massinvestor The COVID-19 pandemic did not factor into the decision to downsize the number of units, VerWys said. Elisabeth Cardmarker . All Rights Reserved. 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. 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. Steve Jandernoaisa Partner in our family office. Jandernoa Entrepreneurial Mentoring: A perfect formula to main the 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. 2023 Advance Local Media LLC. Create a free account. I feel very good about the company and the business and our management teams.. 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. Vine Line Produce Distribution, which operates from a facility at 1055 7 Mile Road NW, formed following a three-way merger orchestrated by 42 North Partners in 2019 that included Heeren Bros. Inc., Walsma & Lyons, and Vine Line Logistics LLC. * Officer compensation may be included in charitable disbursements, so values may add up to greater than 100%. Copyright. For two and a half years, Jandernoa maintained an office on the 48th floor of the PanAm building in New York, as well as in Allegan. That drug generated $93 million in royalties in the third quarter. He said European hotels are filled with American businessmen and women visiting to satisfy foreign incorporation rules. Trustee In addition, Jandernoa serves as General Partner atBridge Street Capital Fund I, L.P, where he sits on the Executive Committee with John Kennedy. Privacy Policy Tracey Fountain 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. Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in GrandRapids, Michigan. But he said if the U.S. tax rate is lowered, "That changes the whole game for everybody. Michael J. Jandernoa - Giving to Grand Valley - Grand Valley State Mike Jandernoa Founder & Chairman. Dr. Jandernoa works in Lansing, MI and 2 other locations and specializes in General Dentistry. As he prepares to leave the board, Perrigo is going through a restructuring of its ailing European business that led to a deep loss in the third quarter. Executive Director Community & Student Affairs, Grand Rapids Public Schools And he says the company has some of the most skilled and competent workers in the world. Read the IRS instructions for 990 forms. Under his leadership, Perrigo was sold in 1986 to a New York City-based company, the Gro Group. Terms of Superintendent, Kentwood Public Schools, Trustee It expands our presence in the upper Midwest and Michigan, which have always been areas of interest for our family of companies, he added. Community Member Amy Lake Personal Assistant / Grant Coordinator. landmine rotations with dumbbells In recent years, Jandernoa has been involved with, In addition, Jandernoa has used his wealth to influence state politics. Please verify insurance information directly with your doctor's office as it may change frequently. President, Jandernoa Family Foundation, 42 North 1 bergmankjellberg.com; Charlotta Magnusson Client Relationship Manager. 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. 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). 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. 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. 42 North Partners - Overview, News & Competitors - ZoomInfo For the quarter that ended Oct. 1, the company reported net sales of $1.35 billion. Carl Jandernoa - Partner - 42 North Partners | ZoomInfo From https://projects.propublica.org/nonprofits. 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. Carl Jandernoa has been working as a Partner at 42 North Partners for 12 years. 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. 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. He holds an MBA from the University of Michigan. 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. 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. Monroe County deputy found asleep at wheel, arrested for DUI He was board chairman from 1991 to 2003, and served as CEO from 1988 until his retirement in 2000. John Meilner President. Michael J. Jandernoa. ProPublica posts new tax forms as they are released by the IRS. EIN 38-3083625 . Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats. 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. 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. Steve Jandernoa is a Partner in our family office. 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. Trustee Jandernoa is the founder and Chairman of 42 North Partners who served as CEO of Perrigo Co. plc from 1988 to 2000. Ana Alemn-Putman The $1.25 billion loss resulted from two large impairment charges connected to Europe, according to the company. The Intern will be responsible for creating documents to launch projects, managing existing reporting tools, and creating new tools as necessary. 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. Trustee Small organizations filing a Form 990N "e-Postcard" are not included in this data. 42 North Partners is part of the Finance industry, and located in Michigan, United States. 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 Deputy CountyAdministrator, Kent County Carl Jandernoa Partner. His role as a corporate director at Perrigo has been more time consuming since the company re-domiciled in Dublin in 2013. Some of that money has gone to Catholic entities, since Jandernoa himself is a Catholic. Get the complete investment team + individual email addresses for investment team partners. Including travel, each of those trips consumes about four days Jandernoa said. Including him, the 10-member board has five members with 13 or more years of service. 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. Perrigo executives bought back the company in another management-led leveraged buyout in 1988, the same year Jandernoa became CEO. Perrigo re-incorporate itself in Ireland, but Allegan County's role will not change in Perrigo's world, he said. 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. 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. Get personal images, LinkedIn links, investment specialties, office locations and more with a, 2022 Michigan Investment Organizations - DBusiness. 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.". Location 171 Monroe Ave NW Ste 410 Grand Rapids, MI 49503-2634 United States. "The workforce is outstanding, knowledgeable and skilled and is critical to our company.". 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. Diversity, Equity & Inclusion (DE&I) Resources, Michigan Venture & Entrepreneurial Foundation. Directorof Education, Baxter Community Center, Superintendent, Godwin Heights Public Schools, Executive Director, Family Outreach Center, Superintendent, Kent Intermediate School District. Leave a review (517) 394-4040 . Jandernoa has done this in three ways. The approximate dates of this internship are June 2023 - January 2024. Liza Alvarez, the former director of human resources for Vine Line, now takes over as the companys president. He is the former Chairman of the Board and CEO of Perrigo Company, the nations largest manufacturer and marketer of store brand over-the-counter drug and nutritional products. 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. 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. 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. Please share any feedback you have about Foundation Directory Online. The investment arm of their efforts has about $200 million invested in businesses primarily in West Michigan. You can find other locations and directions on Sharecare. Sweden View. Jandernoa family office 42 North Partners exits Vine Line in sale to PE 0. After having a hand in growing Perrigo to $5.35 billion in sales in 2015 with a global workforce of more than 13,000 people, Jandernoa said hes pivoting to focus on what he calls his next career.. In recent years, Jandernoa has been involved with 42 North Partners, which he created with his wife Sue. leave behind at sdo staples Mike Jandernoa helped lead pharmaceutical maker Perrigo through a growth period in which the company expanded its workforce from 300 to 13,000 people and saw its sales balloon from $30 million to $5.35 billion. It has not been an easy decision, said Jandernoa, one of the longest-serving directors at a West Michigan-based corporation. Michael J. Jandernoa Michael (Mike) Jandernoa is a graduate of the University of Michigan. If this organization has filed an amended return, it may not be reflected in the data below. 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. Jennifer James Steve is an active community volunteer and Board member of Artists Creating Together and Catholic Central High School. a Partner in our family office. Candidate must be available to work full time hours (approximately 40 hours per week) for the duration of the internship. Foundation Watch: How the Jandernoa Foundation functions within the Six -ten startups will be selected for a four-month program that will immerse them in The Walt Disney Company. 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. 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. 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. FreshEdge is composed of a growing family of produce and specialty food companies. Matthew VanZetten 02/11/2022. 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. Petition for Dissolution of Marriage | 12.901 | Forms A - B3 This data release includes only a subset of what can be found in the full Form 990s. Today, Jandernoa finds his time divided between 42 North Partners, service on boards for a number of organizations and local businesses including Business Leaders for Michigan and the West Michigan Policy Forum, and his duties as a Perrigo director. Navigate all the resources featured in the Landscape Guide by geographic location, industry sector, and organization type. That drug generated $93 million in royalties in the third quarter. Service on the Perrigo board of director has become more time consuming, Michael Jandernoa said. On Thursday, Perrigo reported a third-quarter loss of $1.3 billion, a loss of $8.76 per share. Gratitude is also extended for the love, prayers and support that has been provided by family and friends. He serves on the Board of Directors of Business Leaders for Michigan, Cirius Therapeutics, Metabolic Solutions Development Company, and Spectrum Health System. 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.
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