. I feel good that the Perrigo legacy and culture is in good hands, Jandernoa said. accident in titusville, fl today; tuff hedeman car accident 2020; jasmine morton ross wedding; elizabeth guevara don ho. Navigate all the resources featured in the Landscape Guide by geographic location, industry sector, and organization type. 0. We are fully behind John and his plan and his ideas.". His continuing involvement in business is influenced by an extensive career of innovative thinking and leadership. From 1991 to 2003, Jandernoa served as chairman of the board of Perrigo. Partner - Wictor Holding AB - Rdgivare and Client Executive at Wictor Family Office. The investment arm of their efforts has about $200 million invested in businesses primarily in West Michigan. Trustee 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. And he says the company has some of the most skilled and competent workers in the world. 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 Jennifer James Family foundations . Cookie Settings/Do Not Sell My Personal Information. Get the complete investment team + individual email addresses for investment team partners. The following data is for 2015 2017, based on the 990 documents we obtained from Guidestar, for the Michael and Susan Jandernoa Foundation. Fast-track your prospect research with a Professional plan subscription. 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. Extracted financial data is not available for this tax period, but Form 990 documents are available for download. This article is available to paid digital subscribers. 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. In recent years, Jandernoa has been involved with, In addition, Jandernoa has used his wealth to influence state politics. 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. "and I'm a very lucky guy. 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 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. It has not been an easy decision, said Jandernoa, one of the longest-serving directors at a West Michigan-based corporation. This foundation has just over $16 million in assets, according to Guidestar. Mel Atkins II Service on the Perrigo board of director has become more time consuming, Michael Jandernoa said. From https://projects.propublica.org/nonprofits. 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. Ken Fawcett He serves on the Board of Directors of Business Leaders for Michigan, Cirius Therapeutics, Metabolic Solutions Development Company, and Spectrum Health System. Like their father, Carl and Steve are certified public accountants. 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. Vine Line stands as FreshEdges sixth acquisition. Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. Telephone: 6163252100 Jandernoa is the former president of Perrigo. Dr. Jandernoa's office is located at 2410 Lake Lansing Rd Ste 2 Lansing, MI 48912. 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. Trustee John Meilner President. 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. The IRS Form 990 is an annual information return that most organizations claiming federal tax-exempt status must file yearly. Profile Last Updated: Grand Rapids, MI 49503 The past chairman and chief executive officer of the store-brand products maker praises the skill and competence of company CEO John Hendrickson. Snap. Support the Michigan business and entrepreneurial community and collaborate with nationwide entrepreneurial programs, Dont let short-term desires distract from long-term objectives, Engage deeply; be recognized for collaboratively offering time and talent, Do what you say you are going to do, when you say you will, Be a team player; place our shared fate above personal ambition, 42 North Partners | Site by BrightBridge Studios. "We've got so many plans invested in Allegan and hundreds of millions of dollars invested here," he said. Board meetings that once involved a day and a half now take four days because of the travel required. Amy Lake Personal Assistant / Grant Coordinator. Elisabeth Cardmarker . EIN 38-3083625 . Read the API documentation . Following the example set by Mike and Sue and bolstered by their continued leadership, our team of experienced professionals focuses our efforts primari Contact Who is 42 North Partners Headquarters As a non-profit, we offer free help to anyone looking to learn the details of their family story. 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. 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. If you would like us to contact you for follow up, please include your name and e-mail address and we will be in touch. There are some secrets even true "Chopped" fans don't know about. Trustee 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. 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. That drug generated $93 million in royalties in the third quarter. Jandernoa retired as CEO of Perrigo in 2000 and from the board in 2017. Tracey Fountain Despite the present difficulty, Jandernoa remains eternally optimistic about Perrigo. They were previously living in the Chicago area. ALLEGAN, MI - Michael Jandernoa says Perrigo Co. PLC is in good hands. 42 North Partners | Site by BrightBridge Studios. Adnoris "Bo" Torres 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. 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. Michael Jandernoa has been the CEO of numerous companies in West Michigan over the years, such a Perrigo and 42 North Partners. Trustee Jandernoa Name Meaning Historically, surnames evolved as a way to sort people into groups - by occupation, place of origin, clan affiliation, patronage, parentage, adoption, and even physical characteristics (like red hair). "Two years go they started coming home," he said. Trustee See the list , The data powering this website is available programmatically, via an API. 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. 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. In recent years, Jandernoa has been involved with42 North Partners, which he created with his wife Sue. Bill Lawrence . William Lawrence Student Academic Success & Well Being District Coordinator, Grandville Public Schools His role as a corporate director at Perrigo has been more time consuming since the company re-domiciled in Dublin in 2013. 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. Senior writer, covers health care, finance and life sciences. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Perrigo acquired the royalty stream as part of its $8.6 billion deal for. Ana Alemn-Putman Company management said it expects full-year earnings in the range of $6.85 to $7.15 per share. 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. Create a free account. 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. General Dentistry . Phone: 616-325-2100. Grand Rapids-based Spectrum and Southfield-based Beaumont announced in June that they had signed an agreement to explore creating a new health system that would have 22 hospitals, 305 outpatient care centers, and about $13 billion in operating revenue. The firm is a lead investor and Board member of Hopen Life Science Fund. 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. Small organizations filing a Form 990N "e-Postcard" are not included in this data. 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. Including him, the 10-member board has five members with 13 or more years of service. Under his leadership, Perrigo was sold in 1986 to a New York City-based company, the Gro Group. He holds an MBA from the University of Michigan. 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. Community Rules apply to all content you upload or otherwise submit to this site. Taxable trusts and private foundations that are required to file a form 990PF are also included. Jandernoa is the founder and Chairman of 42 North Partners who served as CEO of Perrigo Co. plc from 1988 to 2000. Matthew VanZetten 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. Dr. Nathan Jandernoa, DDS . Tessa Miller Controller. Adjusted for one-time events, the company saw net income of $236million and adjusted net earnings per fully diluted share of $1.65. He said European hotels are filled with American businessmen and women visiting to satisfy foreign incorporation rules. As one can see, the Jandernoa Foundation fully complements the more overt political and economic ways that Michael Jandernoa uses his money to influence public policy. Copyright. His family firm 42 North Partners, takes its. 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. This article is available to paid digital subscribers. Jandernoa Family Office, SDIX - Service Delivery Index. 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. Sue Jandernoa Founder . 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. 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. Mike Jandernoa Founder & Chairman. 1 bergmankjellberg.com; Charlotta Magnusson Client Relationship Manager. 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. 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 . Stockholm, Stockholms Lan, Sweden View. In addition, Jandernoa has used his wealth to influence state politics. This internship is a remote position and requires a working, reliable internet connection as well as a quiet, dedicated workspace. His tenure on the board ends with the next Perrigo shareholder meeting in April. 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. Access lists of funders based on detailed search criteria and other features such as: Copyright 2023 Candid. Click here to sign in or get access. 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. We get to invest in things in West Michigan," Michael Jandernoa said. Attorney, Miller Johnson, Trustee Janet Dekkinga Executive Assistant / Office Manager. ", He said there are estimates that U.S. companies have about $1.5 trillion invested abroad. Perrigo re-incorporate itself in Ireland, but Allegan County's role will not change in Perrigo's world, he said. Including travel, each of those trips consumes about four days Jandernoa said. 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. 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. So why is Jandernoa, at age 66 and the longest-tenured member of the Perrigo board leaving in April? "The facilities In Allegan are competitive with anything else in the world," he said. 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. 10/14/2022 Read the IRS instructions for 990 forms. Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. 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. "It has not been an easy decision," said Jandernoa, one of the longest-serving directors at a West Michigan-based corporation. 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. Overall, Jandernoa has served as an executive or a director at Perrigo since 1981. 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. His pending departure will bring to a close Jandernoas 36-year tenure with Perrigo, where he served as CEO, chairman of the board and a director, and supported the companys transformation into a global player in pharmaceuticals. Like all members of the Grand Rapids Power Structure, the Jandernoa Foundation does two main things. 2023 Advance Local Media LLC. Date Added/Updated: 02/2018. President, Jandernoa Family Foundation, 42 North 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. Michael Jandernoa is one of the lesser-known members of the Grand Rapids Power Structure. 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. "It's fun. 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. This data release includes only a subset of what can be found in the full Form 990s. 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. Claim your profile . Community Member Kevin Battle He is the former CEO and chairman of Perrigo Company. 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. "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. For the quarter that ended Oct. 1, the company reported net sales of $1.35 billion. President, Grand Rapids Community Foundation, Trustee The real pain in the gut are the little things that . 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. 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. The company has now ballooned to 1,485 employees and maintains 670,000 square feet of combined warehouse space nationwide. Our values have inspired us to support entrepreneurship and a wide variety of non-profit and community-based initiatives throughout our home state. 42 North Partners is part of the Finance industry, and located in Michigan, United States. Duplicated download links may be due to resubmissions or amendments to an organization's original return. Their combined service has touched dozens of nonprofits, including TeachingWorks. . 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. Vice President, Spectrum Health Healthier Communities, Trustee 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. The board has five or six regularly scheduled meetings each year and others are called as needed to discuss acquisitions or other major developments. Carl Jandernoa has been working as a Partner at 42 North Partners for 12 years. But he said if the U.S. tax rate is lowered, "That changes the whole game for everybody. 42 North Partners Location 171 Monroe Ave NW Ste 410, Grand Rapids, Michigan, 49503, United States Description Read More Industry Finance General Finance He was board chairman from 1991 to 2003, and served as CEO from 1988 until his retirement in 2000. In addition, Jandernoa serves as General Partner atBridge Street Capital Fund I, L.P, where he sits on the Executive Committee with John Kennedy. Superintendent, Kentwood Public Schools, Trustee First, this foundation funds the kinds of things that align with Jandernoas ideology, and second, his foundation provides funding to non-profits that offer charity-based solutions for people experiencing poverty. That exceeded the average of expectations of 15 financial analysts surveyed by Zacks Investment Research of $1.59 per diluted share. Get personal images, LinkedIn links, investment specialties, office locations and more with a, 2022 Michigan Investment Organizations - DBusiness. It expands our presence in the upper Midwest and Michigan, which have always been areas of interest for our family of companies, he added. Copyright 2021 Pro Publica Inc. April 19, 2023, 2:18pm. 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 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. Jandernoa Foundation - Nonprofit Explorer - ProPublica Nonprofit Explorer Research Tax-Exempt Organizations JANDERNOA FOUNDATION GRAND RAPIDS, MI 49503-2634 | Tax-exempt since Jan. 1993 EIN:. Michael J. Jandernoa. 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.
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