Perrigo has been under pressure to make changes from an activist shareholder,Starboard Value LP, which holds a 4.6-percent stake in the company. 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. Jandernoa Family Office, SDIX - Service Delivery Index. In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. 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. Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. Sign up to get ProPublicas biggest stories delivered straight to your inbox. Sweden View. Dr. Jandernoa works in Lansing, MI and 2 other locations and specializes in General Dentistry. 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. 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. Copyright. 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. Likelihood of recommending Dr. Jandernoa to family and friends Tell us about your experience with Dr. Jandernoa Dr. Jandernoa's Office & Staff . 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. That drug generated $93 million in royalties in the third quarter. Grand Rapids Institute for Information Democracy, Jandernoa is the former president of Perrigo. Duplicated download links may be due to resubmissions or amendments to an organization's original return. 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.". As a non-profit, we offer free help to anyone looking to learn the details of their family story. Location 171 Monroe Ave NW Ste 410 Grand Rapids, MI 49503-2634 United States. Perrigo has been under pressure to make changes from an activist shareholder, SUBSCRIBE TO MIBIZ TODAY FOR WEST MICHIGANS FINEST BUSINESS NEWS REPORTING, Major health systems dropping mask mandates in momentous shift of pandemic policy, Michigan organizations receive $34.3M in federal funds to lend in low- and moderate-income communities, Access to credit may tighten, but Michigan banks maintain strong health, Survey finds 39% of Michigan hospital nurses want to quit within a year, Michigan health insurers keeping preventative care coverage despite Texas court ruling, MiBiz on WOOD-TV8: Perrigo to pitch FDA on over-the-counter birth control pill, Perrigo to pitch FDA in May on over-the-counter birth control pill, Perrigo backs off on M&A to focus on integrating recent deals, reducing debt, Talent, economic development and playing defense: Biz advocates prepare for new landscape in Lansing, Michigans economic competitiveness dips slightly as other states make gains. 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. EIN 38-3083625 . "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. Struggling to maintain healthy relationships? It has not been an easy decision, said Jandernoa, one of the longest-serving directors at a West Michigan-based corporation. Six -ten startups will be selected for a four-month program that will immerse them in The Walt Disney Company. (Image: Screengrab) In a virtual town hall last week, the CEO of a Utah-based digital marketing and technology company, who is forcing employees to return to . Fast-track your prospect research with a Professional plan subscription. Steve Jandernoaisa Partner in our family office. 2023 Advance Local Media LLC. 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. 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. Steve is an active community volunteer and Board member of Artists Creating Together and Catholic Central High School. Claim your profile . Terms of 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. His tenure on the board ends with the next Perrigo shareholder meeting in April. Get personal images, LinkedIn links, investment specialties, office locations and more with a, 2022 Michigan Investment Organizations - DBusiness. This foundation has just over $16 million in assets, according to Guidestar. 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. 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. And he says the company has some of the most skilled and competent workers in the world. Elisabeth Cardmarker . 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. "The workforce is outstanding, knowledgeable and skilled and is critical to our company.". 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. Michael Jandernoa is one of the lesser-known members of the Grand Rapids Power Structure. From https://projects.propublica.org/nonprofits. Partner - Wictor Holding AB - Rdgivare and Client Executive at Wictor Family Office. Carl Jandernoa Partner. He holds an MBA from the University of Michigan. Profile Last Updated: Tweet. Grand Rapids, MI 49503 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. 0. 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in GrandRapids, Michigan. 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. 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. 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. Michael J. Jandernoa Michael (Mike) Jandernoa is a graduate of the University of Michigan. 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. 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. YouTubes privacy policy is available here and YouTubes terms of service is available here. The films span five . Matthew VanZetten 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. The Intern will be responsible for creating documents to launch projects, managing existing reporting tools, and creating new tools as necessary. Rob Jandernoa Partner. Gratitude is also extended for the love, prayers and support that has been provided by family and friends. Community Member Diana Sieger . Access lists of funders based on detailed search criteria and other features such as: Copyright 2023 Candid. He is the Co- Founder of Grand Angels, LLC., which is another investment capital entity in Grand Rapids. I feel good that the Perrigo legacy and culture is in good hands, Jandernoa said. Many of the modern surnames in the dictionary can be traced back to Britain and Ireland. 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. 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. The approximate dates of this internship are June 2023 - January 2024. 42 North Partners Location 171 Monroe Ave NW Ste 410, Grand Rapids, Michigan, 49503, United States Description Read More Industry Finance General Finance Deputy CountyAdministrator, Kent County The real pain in the gut are the little things that . 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. The family will receive relatives and friends Thursday, September 29, from 2:00 to 4:00 p.m . Liza Alvarez, the former director of human resources for Vine Line, now takes over as the companys president. Family foundations . Bill Lawrence . 42 North Partners acquired Heeren Bros Inc. in 2015 from the Heeren family, which founded the company in 1933. "and I'm a very lucky guy. His role as a corporate director at Perrigo has been more time consuming since the company re-domiciled in Dublin in 2013. 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. Vice President, Spectrum Health Healthier Communities, Trustee 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. Jandernoa has done this in three ways. President, Grand Rapids Community Foundation, Trustee This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly. His family firm 42 North Partners, takes its. 12.901 (b) (2) Petition for Dissolution of Marriage with Property but No Dependent or Minor Child (ren) Download: Type: Petition. I feel very good about the company and the business and our management teams.. "It has not been an easy decision," said Jandernoa, one of the longest-serving directors at a West Michigan-based corporation. "It's fun. Rob was working as an engineer in the Detroit area. This article is available to paid digital subscribers. . This article is available to paid digital subscribers. 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. 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. Jandernoa Foundation - Nonprofit Explorer - ProPublica Nonprofit Explorer Research Tax-Exempt Organizations JANDERNOA FOUNDATION GRAND RAPIDS, MI 49503-2634 | Tax-exempt since Jan. 1993 EIN:. In addition, Jandernoa has used his wealth to influence state politics. 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 purchase a product or register for an account through one of the links on our site, we may receive compensation. * Officer compensation may be included in charitable disbursements, so values may add up to greater than 100%. He holds an MBA from the University of Michigan. 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 Ana Alemn-Putman 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. The firm is a lead investor and Board member of Hopen Life Science Fund. 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. Perrigo acquired the royalty stream as part of its $8.6 billion deal for. 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. 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. 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. Get the complete investment team + individual email addresses for investment team partners. 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. President, Jandernoa Family Foundation, 42 North Three years later, Perrigo became a public company. 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. From 1991 to 2003, Jandernoa served as chairman of the board of Perrigo. Nate DeVries Senior Accountant. Board meetings that once involved a day and a half now take four days because of the travel required. Latinx/e Community Advocate and Latino Community Coalition, Trustee Attorney, Miller Johnson, Trustee Its a lot of time and Im so blessed to have been involved with Perrigo for this time.. Tessa Miller Controller. 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. Market-rate one-bedroom units will be $1,400 a month, and two-bedrooms will be $1,650. accident in titusville, fl today; tuff hedeman car accident 2020; jasmine morton ross wedding; elizabeth guevara don ho. . They were previously living in the Chicago area. 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. Cookie Settings/Do Not Sell My Personal Information. Jandernoa is the former president of Perrigo. 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. This data release includes only a subset of what can be found in the full Form 990s. Service on the Perrigo board of director has become more time consuming, Michael Jandernoa said. 42 North Partners | Site by BrightBridge Studios. 42 North Partners invests in businesses in the Midwest. He said he was very surprised that Donald Trump won last Tuesday's presidential election. Trustee The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. landmine rotations with dumbbells 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. He is married to Holly, and they are parents to four awesome sons. 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. Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. Telephone: 6163252100 Michael J. Jandernoa. Our values have inspired us to support entrepreneurship and a wide variety of non-profit and community-based initiatives throughout our home state. Service. He serves on the Board of Directors of Business Leaders for Michigan, Cirius Therapeutics, Metabolic Solutions Development Company, and Spectrum Health System. 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 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. The IRS Form 990 is an annual information return that most organizations claiming federal tax-exempt status must file yearly. Son Carl, 39, has been involved in broad-range investments and is working in real estate. 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 "The facilities In Allegan are competitive with anything else in the world," he said. The KSSN Board of Directors is made up of 15community leaders who are invested in the lives of children, youth, and families. Click here to sign in or get access. Mike Jandernoa Founder & Chairman. 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. All rights reserved (About Us). Michael Jandernoa has been the CEO of numerous companies in West Michigan over the years, such a Perrigo and 42 North Partners. Snap. 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. Steve Jandernoa is a Partner in our family office. 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. Student Academic Success & Well Being District Coordinator, Grandville Public Schools 171 Monroe Avenue, Suite 410 Including him, the 10-member board has five members with 13 or more years of service. Some of that money has gone to Catholic entities, since Jandernoa himself is a Catholic. Dr. Nathan Jandernoa, DDS . Under his leadership, Perrigo was sold in 1986 to a New York City-based company, the Gro Group. Candidate must be available to work full time hours (approximately 40 hours per week) for the duration of the internship. His continuing involvement in business is influenced by an extensive career of innovative thinking and leadership. 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.
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