Rob Jandernoa Partner. FreshEdge is composed of a growing family of produce and specialty food companies. ", He said there are estimates that U.S. companies have about $1.5 trillion invested abroad. "We've got so many plans invested in Allegan and hundreds of millions of dollars invested here," he said. Amy Lake Personal Assistant / Grant Coordinator. Directorof Education, Baxter Community Center, Superintendent, Godwin Heights Public Schools, Executive Director, Family Outreach Center, Superintendent, Kent Intermediate School District. 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. William Lawrence President, Grand Rapids Community Foundation, Trustee 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. About - 42 NP 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. His family firm 42 North Partners, takes its name from the 42nd parallel, which cuts across Lake Michigan into Grand Rapids and West Michigan. Location 171 Monroe Ave NW Ste 410 Grand Rapids, MI 49503-2634 United States. Jandernoa retired as CEO of Perrigo in 2000 and from the board in 2017. Their combined service has touched dozens of nonprofits, including TeachingWorks. 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.. SIMILAR PROVIDERS . Click here to sign in or get access. Executive Director Community & Student Affairs, Grand Rapids Public Schools Like all members of the Grand Rapids Power Structure, the Jandernoa Foundation does two main things. . His continuing involvement in business is influenced by an extensive career of innovative thinking and leadership. That drug generated $93 million in royalties in the third quarter. Ken Fawcett This article is available to paid digital subscribers. 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. Claim your profile . He holds an MBA from the University of Michigan. 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. Office Locations: 171 Monroe Avenue, Suite 410 Grand Rapids, MI 49503 Phone: 616-325-2100 Stages: Early Middle Market Industries: Information Technology Life Sciences & Healthcare Description: 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. We get to invest in things in West Michigan," Michael Jandernoa said. 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). 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. His son Rob Jandernoa, 36, is involved in various entrepreneurial efforts. From small farm to a large pharma - Grand Rapids Business Journal 42 North Partners Company Profile | Management and Employees List The real pain in the gut are the little things that . Is this you? leave behind at sdo staples Janet Dekkinga Executive Assistant / Office Manager. 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. In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. Vine Line Group LLC - MiBiz Dr. Nathan Jandernoa, DDS . I need to give my sons and the family office more time.". Who We Are 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. On Thursday, Perrigo reported a third-quarter loss of $1.3 billion, a loss of $8.76 per share. 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. Jandernoa is the former president of Perrigo. 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. Steve Jandernoa - 42 NP Jandernoa mentoring program expands reach to include nonprofit - MiBiz He said European hotels are filled with American businessmen and women visiting to satisfy foreign incorporation rules. 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 This article is available to paid digital subscribers. Ana Alemn-Putman Jandernoa has done this in three ways. Terms of Duplicated download links may be due to resubmissions or amendments to an organization's original return. Superintendent, Kentwood Public Schools, Trustee 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. Many of the modern surnames in the dictionary can be traced back to Britain and Ireland. 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. Foundation Watch: How the Jandernoa Foundation functions within the Struggling to maintain healthy relationships? 42 North Partners - Venture Capital Database - Massinvestor Perrigo acquired the royalty stream as part of its $8.6 billion deal for. 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. 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. Cookie Settings/Do Not Sell My Personal Information. 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. Latinx/e Community Advocate and Latino Community Coalition, Trustee landmine rotations with dumbbells "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. 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. Aarie Wade In recent years, Jandernoa has been involved with, In addition, Jandernoa has used his wealth to influence state politics. The past chairman and chief executive officer of the store-brand products maker praises the skill and competence of company CEO John Hendrickson. Our state's entrepreneurial economy hinges on our ability to provide capital to our high-growth, high-potential companies. 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. That involves working with his three sons Carl, Rob and Steve, all of whom returned to West Michigan in recent years at 42 North Partners, which he launched in 2011 to manage business and philanthropic interests. 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. Despite the present difficulty, Jandernoa remains eternally optimistic about Perrigo. 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. Trustee In recent years, Jandernoa has been involved with42 North Partners, which he created with his wife Sue. Sign up to get ProPublicas biggest stories delivered straight to your inbox. Trustee 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. Please verify insurance information directly with your doctor's office as it may change frequently. The COVID-19 pandemic did not factor into the decision to downsize the number of units, VerWys said. Family Office Kontora. Fr besondere Vermgen. Michael Jandernoa has been the CEO of numerous companies in West Michigan over the years, such a Perrigo and 42 North Partners. 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. Profile Last Updated: ProPublica posts new tax forms as they are released by the IRS. President, Jandernoa Family Foundation, 42 North Trustee 171 Monroe Avenue, Suite 410 CEO Celebrates Worker Who Sold Family Dog After He Demanded They Return "The facilities In Allegan are competitive with anything else in the world," he said. 12.901 (b) (2) Petition for Dissolution of Marriage with Property but No Dependent or Minor Child (ren) Download: Type: Petition. And in doing that, we've got more on our plate and I can't keep up my time on the board. 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. Phone: 616-325-2100. The films span five . 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. Sue Jandernoa Founder . Including travel, each of those trips consumes about four days Jandernoa 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. He serves on the Board of Directors of Business Leaders for Michigan, Cirius Therapeutics, Metabolic Solutions Development Company, and Spectrum Health System. Copyright 2022 Massinvestor, Inc. All Rights Reserved. "The workforce is outstanding, knowledgeable and skilled and is critical to our company.". 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. 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. Company management said it expects full-year earnings in the range of $6.85 to $7.15 per share. The KSSN Board of Directors is made up of 15community leaders who are invested in the lives of children, youth, and families. The investment arm of their efforts has about $200 million invested in businesses primarily in West Michigan. Jandernoa is the former president of Perrigo. But he said if the U.S. tax rate is lowered, "That changes the whole game for everybody. Get the complete investment team + individual email addresses for investment team partners. The program begins in the summer and concludes with a Demo Day in the fall. Get personal images, LinkedIn links, investment specialties, office locations and more with a, 2022 Michigan Investment Organizations - DBusiness. 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. For the quarter that ended Oct. 1, the company reported net sales of $1.35 billion. 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.

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