Magnet Qalicb Inc
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.
Magnet Qalicb Inc at a glance
In short: Magnet Qalicb Inc gave $140K across 1 grant in 2025 (avg $140K), mostly in Ohio. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $140,000
- Grants made (2025)
- 1
- Average grant
- $140,000
- Median grant
- $140,000
- Total assets
- $14,476,218
- -3.7% vs 2024
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Magnet Qalicb Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Manufacturing Advocacy & Growth Network Inc ($140K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $140K (2025) to $1.7M (2023). In 2025 it made 1 grant totaling $140K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Manufacturing Advocacy & Growth Network Inc Cleveland, OH | Supporting Organization - General Operating Needs | $140,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $14,476,218 | $742,596 | $1,169,765 | $140,000 | 1 | $36 |
| 2024 | $15,033,840 | $728,038 | $1,044,527 | — | — | $38 |
| 2023 | $15,424,945 | $2,427,747 | $2,541,453 | $1,745,812 | 1 | $203 |
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.
Focus Areas
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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
Live grants for the work Magnet Qalicb Inc funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Magnet Qalicb Inc's focus areas in our free grants database
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Funders with grantees in common
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Meisel & Pesses Family Foundation
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The Cleveland-based Meisel & Pesses Family Foundation supports charitable, educational, and religious purposes of the Jewish Federation of Cleveland, with grants spanning community services, education, research, security, and the arts. Its 2025 grants ranged from $10,000 to $200,000, with a median of $35,000; most funding went to Ohio, with additional grants in Maryland and Kentucky. The profile does not state whether it accepts unsolicited requests.
Assets
$20.5M
Grants
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Total Given
$511K
More similar funders
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Figures come from Magnet Qalicb Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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