Magnet Qalicb Inc

Public charity · Grantmaker Cleveland, OH EIN: 88-2834792

Conducting or supporting activities for the purposes of increasing support for manufacturing advocacy and growth network inc. (magnet,) increasing community involvement with and support for magnet, and promoting the facilities of magnet, accepting and expending funds in support of such activities, and doing all things necessary or appropriate in order to accomplish the foregoing purposes.

Key facts about Magnet Qalicb Inc

In short: Magnet Qalicb Inc gave $140K across 1 grant in 2025 (avg $140K), mostly in Ohio. Source: 2025 IRS Form 990.

EIN
88-2834792
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$140,000
Grants made (2025)
1
Average grant
$140,000
Median grant
$140,000
Total assets
$14,476,218
Primary geography
Ohio (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$14.5M

-3.7% YoY

Annual Giving

$140K

Grant Count

1

Avg Grant Size

$140K

About Magnet Qalicb Inc

Based on IRS filings

Magnet Qalicb Inc is a public charity focused on Community Improvement & Capacity Building, based in Cleveland, OH. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $14.5M in total assets. In 2025, it awarded 1 grant totaling $140K. Net investment income was $36.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2025 grant dollars.

States

Cities

Cleveland

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M$2M1 grants20230 grants20241 grants2025

From 2023 to 2025, annual grant giving ranged from $140K (2025) to $1.7M (2023). In 2025 it made 1 grant totaling $140K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Manufacturing Advocacy & Growth Network Inc: $140KManufacturing Advocacy &Growth Network Inc$140K

The largest 2025 recipient was Manufacturing Advocacy & Growth Network Inc ($140K).

Grant Size Distribution

2 grants across all recorded years

<$50K$50–100K1$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was in the $100–250K range: 1 grant of 2 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Manufacturing Advocacy & Growth Network Inc Cleveland, OHSupporting Organization - General Operating Needs$140,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M202320242025
Metric202520242023
Total Assets$14,476,218$15,033,840$15,424,945
Revenue$742,596$728,038$2,427,747
Expenses$1,169,765$1,044,527$2,541,453
Net Investment Income$36$38$203

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
  2. Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)

Leadership & Key People

Officers and directors from IRS filings

Magnet Qalicb Inc is led by Ethan Karp, President & Director on every filing since 2023; none of the 6 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Ethan Karp

    President & Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Edward Kneitel

    Treasurer & Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Lee Chilcote

    Secretary & Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Scott M. Simon

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Theodore Einhorn

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Daniel Jacoby

    Treasurer & Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Magnet Qalicb Inc

How much does Magnet Qalicb Inc give each year?

Magnet Qalicb Inc gave $140K across 1 grant in 2025, according to its 2025 IRS Form 990.

How large is Magnet Qalicb Inc?

Magnet Qalicb Inc reported $14.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $743K.

What is Magnet Qalicb Inc?

Magnet Qalicb Inc is a public charity focused on Community Improvement & Capacity Building, based in Cleveland, OH. It holds $14.5M in total assets as of 2025.

Where does Magnet Qalicb Inc operate?

Magnet Qalicb Inc has awarded grants in Ohio.

What is Magnet Qalicb Inc's EIN?

Magnet Qalicb Inc's EIN (Employer Identification Number) is 88-2834792. IRS Form 990 filing data is available on this page for 2023–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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